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Bitcoin Poised for Rebound: 4 Solid Crypto Stocks to Buy [Yahoo! Finance]
Last nvidia corporation earnings: 2/13 04:20 pm
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However, analysts believe that Bitcoin still has a lot of potential left and the bull run will soon resume. Bitcoin was trading above $64,000 on May 6. The cryptocurrency had fallen below $60,000 last month. In March, Bitcoin hit an all-time high of $73,750. However, comments from Federal Reserve Chairman Jerome Powell last week helped Bitcoin bounce back. Powell said that it is unlikely that there will be any further interest rate hike. Although he didn't give a timeline for the first rate cut, the Federal Reserve plans at least three rate cuts by the end of this year, with the first likely to come in June. The optimism surrounding rate cuts rose following the release of softer-than-expected jobs data. Several factors have been responsible for the recent decline in Bitcoin price. The ongoing geopolitical tension in the Middle East is among them. Cryptocurrencies, being traded continuously and on a global scale, often display rapid and sometimes more significant reactions co
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