In the past few weeks, following a series of corrections, Bitcoin and the broader crypto market have experienced a significant surge from the lower prices of 2024.
The momentum picked up notably on Friday after Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, announced a shift in policy, hinting at a potential interest rate cut in September. This announcement has fueled optimism among investors, leading to increased market activity.
Additionally, valuable data from Glassnode reveals that long-term holders (LTH) are locking in consistent gains of $138 million in profit per day. But what does this mean for the market moving forward?
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