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Bitcoin Dips Below $64K as US Fed Hints at 2 More Rate Cuts in 2024

  • Bitcoin unexpectedly dipped to US$62,989, causing a market downturn and US$226.55 million in liquidations.
  • US Fed Chair Jerome Powell hinted at further rate cuts this year, following a significant September cut.
  • Analyst RektCapital notes we’re 163 days post-Halving, a timeline that historically precedes a Bitcoin breakout.
  • Historical patterns suggest potential for a bullish trend, though it’s speculative whether a major rally will follow.

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