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Gate Research: Fed Rate Cut Expectations Heat Up, Sun Pump Protocol Revenue Soars, Bitcoin Ecosystem Sees Renewed Interest
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Gate Research: Fed Rate Cut Expectations Heat Up, Sun Pump Protocol Revenue Soars, Bitcoin Ecosystem Sees Renewed Interest

Gate Research Weekly Market Review and Outlook: Bitcoin continues to fluctuate this week, with short-term investor sentiment leaning towards pessimism. A significant downward revision of US non-farm payroll data, indicating a weak job market, has catalyzed expectations for interest rate cuts. Bitcoin ETFs see continuous net inflows, driven by strong institutional buying interest and increased off-exchange capital inflows, leading to higher USDT issuance. Sun Pump rapidly expands its market share, energizing the TRON ecosystem. The imminent launch of Fractal Bitcoin's mainnet has made the Bitcoin ecosystem narrative a market hotspot. This week's market funding primarily focused on infrastructure, artificial intelligence, and privacy security sectors.
8/23/2024, 2:32:14 AM

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