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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
#Fed Rate Cut Ahead#
💰📉 “Bitcoin Slips Below $115K After Fed’s Quarter-Point Rate Cut – What’s Next for the Market?”
The crypto market was bracing for the long-awaited Federal Reserve policy shift, and now the first domino has fallen. With the Fed delivering a 25-basis point interest rate cut, Bitcoin traders expected fireworks. Instead, BTC briefly dipped below $115,000, leaving the market wondering if the easing cycle is already priced in.
Let’s break down the market dynamics and what lies ahead 👇
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✦ 📉 Bitcoin Struggles to Hold $115K
Bitcoin slipped under the $115,000 level despite the Fed’s dovish move.
At press time, BTC is attempting to steady itself just above this key support.
Price action remains muted and cautious, as traders digest policy signals.
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✦ 🏦 Fed’s Pivot: 25-Bps Cut With More to Come
The Fed reduced rates to a 4.0%–4.25% range.
Projections hint at another 50 bps of cuts through 2025.
Fed acknowledged slowing job gains, higher unemployment, and persistent inflation risks.
One Fed governor even argued for a deeper half-point cut, signaling that more easing is possible.
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✦ ⚖️ Dovish Policy, But Sluggish Market Response
Despite dovish implications, Bitcoin’s reaction has been sluggish.
Analysts warn of a “sell the news” reaction—with traders booking profits after the expected cut.
Broader macro uncertainty is still weighing on risk sentiment.
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✦ 📊 Futures vs. Spot: A Diverging Story
Futures open interest surged right after the FOMC announcement.
Spot volumes continued to decline, showing weak underlying demand.
This divergence means price moves are being driven by leverage, not strong buying.
Without spot buyers, the market remains vulnerable to sharp unwinds.
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✦ 🔮 Short-Term Outlook for Bitcoin
Volatility risk remains high in the near term.
If spot demand doesn’t return, Bitcoin could test lower supports.
Long term, extended easing may support crypto, but patience is key.
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⚡ Final Takeaway
The Fed’s first step into an easing cycle has not yet sparked the bullish surge Bitcoin traders hoped for. Instead, markets appear cautious, with leverage dominating the action. As the Fed leans dovish, the long-term case for Bitcoin strengthens, but short-term traders should be prepared for turbulence.
$BTC $ETH
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#BTC Reserve Market Impact# #XRP ETF Goes Live#