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Trading Recommendations for the Cryptocurrency Market on November 7
Trump won the US election, in
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Trump won the US election, in which bitcoin and ether reacted with solid growth. The world's first cryptocurrency hit an all-time high of around $76,000, while Ethereum gained over 8% today.What can help the market grow further? First, the Federal Reserve's meeting results, expected today, could boost the market. Traders anticipate a 0.25% rate cut, which is historically favorable for assets like BTC. Lower interest rates typically weaken the dollar, driving investors toward alternative investments. Traders will closely watch Federal
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2024
Bitcoin
Summary
Buy
Urgency
1 day
Analytic
Maxim Magdalinin
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