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🚨 Bitcoin surpasses $117,000!
BTC surged 5% to $117,300 after Fed Chairman Jerome Powell hinted at the possibility of interest rate cuts in September during his speech at Jackson Hole. This move wiped out nearly $380 million in short positions, while ETH rose 15% to $4,760, causing over $193 million in liquidations.
In total, more than 629 million USD has been wiped out across the market, surprising 150,000 traders. Analysts assert that the upward trend has returned, with a target cycle ranging from 145,000 USD to 200,000 USD. Optimism is high as Trump's crypto-friendly 401(k) plan and the Fed's policies could propel BTC to new historical highs.
#Bitcoin BTC #Crypto