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Crypto Corner: What's Backing Bitcoin's Rebound & Fed's Impact
Description
Adam Lynch with Charles Schwab dives into the key technicals behind Bitcoin's price action to show what is pushing the cryptocurrency's rally to three-month highs. On the Clarity Act, he talks about how crypto's commodity classification under the legislation will move Bitcoin, Ethereum, and more beta-heavy cryptocurrencies like XRP. Adam later turns to the Fed's interest rate meeting and its impact on the crypto space, as a shift away from rate cuts can trap short to mid-term price action.
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