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The possibility of Fed rate cuts rises, ETFs attract $360 million inflows, Bitcoin price rises

Source: CoinWorld
Cryptocurrency strengthened, driven by expectations of the Fed's dovish stance. As U.S. PPI data shows inflation slowing, Bitcoin price has exceeded $112,500. Supported by bullish technical indicators and inflows of $360 million in spot ETFs, BTC’s long-short ratio reached a one-month high of 1.05. Markets expect the Fed to cut interest rates, the dollar weakens, and risk appetite is warming, but traders remain cautious around the $111,000 support level.
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