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Crypto Market News : Will Fed Cuts and U.S. Election Delay Altseason? Coinpedia 04 नव. 2024

Crypto Market News : Will Fed Cuts and U.S. Election Delay Altseason? 📉

The cryptocurrency market, spearheaded by Bitcoin, ended the first week of November showing a short-term bearish trend. This outlook is primarily driven by fears among traders who anticipate increased volatility in the crypto market.

The anxieties stem from the conclusion of the 2024 U.S. election and potential rate cuts by the Federal Reserve. Such developments often lead to unpredictable movements in cryptocurrency valuations.

Bitcoin's price notably finished the past week forming an inverted hammer pattern, indicating further challenges for bullish traders, as attempts to push the price higher were once again thwarted.

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