Bitfinex Report: Bitcoin price experiences temporary Fluctuation, not structural weakness.

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Odaily News Bitfinex Alpha's latest report indicates: Last week, as investors avoided risks and turned to liquidity-weakened ETFs amid rising inflation data, Bitcoin's price fell nearly 10% from its peak. However, Fed Chairman Jerome Powell's dovish remarks revived market confidence, with expectations that the Fed will cut interest rates in September. Ethereum performed excellently, soaring to a historical high, reaching $4958.70 on Sunday, consolidating its emerging position as a key liquidity driver for institutional demand, while Bitcoin's ongoing consolidation suggests temporary fluctuations in market prices rather than structural weakness.

BTC1.5%
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