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Federal Reserve Chair Jerome Powell's signal for possible interest rate cuts this year has sparked optimism in the crypto market, leading to gains for Bitcoin, Ethereum, and meme coins like Dogecoin and SPX6900.
Dogecoin experiences an 875% liquidation imbalance, sparking speculation about a possible price explosion of DOGE.
Dogecoin surged over 11% after Fed Chair Powell's remarks, suggesting a potential September rate cut, with analysts predicting a 40% upside.
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