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$292 Million BTC in Minutes: What’s Going On?
Bitcoin’s recent surge has left many wondering if the bull run is over or just getting started. The cryptocurrency has seen a significant increase in value, surpassing the $85,000 mark and sparking speculation about its next move.
To better understand the current situation, it’s essential to examine past data and identify potential trends. In recent times, the Federal Reserve has held interest rates steady, extending the pause in rate decreases due to economic uncertainty. This decision was anticipated by many experts, who noted that the central bank began lowering borrowing costs in the fourth quarter of last year.
Despite this announcement, Bitcoin has continued to rise in value, currently trading above its daily SMA 200 ($84,509). The focus will now be on how BTC maintains its position above this key level in the coming days.
Source: https://u.today/292-million-btc-in-minutes-whats-going-on
