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Bitcoin Price Flirts with $38,000 as Spot ETFs Encourage Bull Run
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Bitcoin Approaches $38,000 as Dollar Vul...
Bitcoin Flirts With $38,000 as Spot ETFs...
China Market Crash: Xi's Impact
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Bitcoin's price is approaching $38,000, the level last seen in May 2022, due to expectations of increased demand from exchange-traded funds (ETFs). The dollar remains steady but vulnerable after the Federal Reserve's hawkish rhetoric shift. Weakness in U.S. jobs data, softer manufacturing numbers globally, and a decline in longer-dated Treasury yields have affected the dollar.
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How might the decline in the dollar impact global trade?
What are the potential implications of the Federal Reserve's hawkish rhetoric shift?
What factors contribute to the increase in demand for spot ETFs?
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