Cryptocurrency Live News & Updates : Bitcoin and Ethereum Surge After Powell's Speech
In recent cryptocurrency news, Jack Dorsey’s Bitchat is making waves with its new ‘location chat’ feature, which enables users to engage in local conversations while preserving anonymity through pseudonyms generated by geohashes. This innovative approach leverages decentralized Nostr relays, allowing for resilient communication without reliance on central servers. Meanwhile, Deutsche Bank has revised its forecast, predicting Federal Reserve rate cuts in September and December, which could impact market dynamics. In the crypto market, Dogecoin is holding strong at the $0.20 support level, with bullish projections suggesting a potential rally towards $0.32, backed by increasing trading volume. Additionally, Ethereum has surpassed the 4,700 USDT mark with an impressive 11.19% increase in just 24 hours, while BNB has also seen a rise, trading above 880 USDT with a 4.50% increase. These developments highlight the ongoing volatility and opportunities within the cryptocurrency landscape.
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