Michael Saylor reacts as Bitcoin (BTC) price prints dramatic surge
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Traders on index swaps are now anticipating a faster pace of rate cuts following the most recent CPI data. In addition, the Federal Reserve is expected to decrease borrowing costs in September and December. Bitcoin's future outlook seems promising. With trading volume increasing by 8.8% in the past day, there is hope that the leading digital asset could see more increases soon.
Typically, this accumulation phase often precedes a price rally, as investors take advantage of lower prices to build their positions. As investors await the next price levels for the leading digital assets, it is worthy of note that volatility is inherent to the crypto market.Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments.
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