Crypto Market Slows Down as September Rate Cut Odds Drop to 43% After Powell’s Speech

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Story Highlights* Fed rate cut chances dropped to 43%, shaking crypto traders’ hopes for September.

  • Jerome Powell signals no urgency, inflation concerns still driving Fed's cautious stance forward.
  • August and September historically bearish, Bitcoin faces seasonal weakness in coming weeks.
  • Bitcoin stuck below $120K, with slow action and weak support from macro factors.
BTC-3.49%
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