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Bitcoin Dips Before Fed’s Rate Cut Decision: Market Anxiety Peaks

Bitcoin has retreated amid rising market anxiety ahead of the Federal Reserve's anticipated interest-rate cut. As the largest digital asset experiences volatility, investors remain uncertain about the impact of the Fed’s decision and updated projections. With Bitcoin’s recent rally and the political landscape influencing market sentiment, all eyes are on the upcoming Fed meeting.
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Bitcoin Price Nears $70,000: Potential for $33 Million in Liquidations

Crypto analysts are warning that a potential drop in Bitcoin's price could trigger a wave of liquidations on derivative exchanges. According to Ali Martinez, if Bitcoin falls below $70,190, it could lead to $33 million in liquidations. This comes as Bitcoin is currently trading at $69,336.8, having already experienced significant liquidations in the past 24 hours. However, some experts remain bullish on Bitcoin's long-term prospects.
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