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#BTC In the first day of the congressional hearing on monetary policy, Federal Reserve Chairman Powell reiterated that the labor market is solid, and inflation remains above the 2% target, with no rush to cut interest rates. The possibility of a rate cut by the Fed in June is further reduced, and the crypto market continues to remain subdued under its influence.
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The supply of stablecoins has been increasing, but btc has not correspondingly risen and is still hovering below $100,000.
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In history, most of February ended with a positive trend, especially in bull markets. By now, half of February has passed, and btc is still bearish. During this cycle, whenever btc experiences a slight pullback, the altcoin market suffers an avalanche-like decline. If btc fails to rebound above $100,000 by the end of the month, the situation in the altcoin market may further deteriorate.
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#ETH Now everyone is mocking eth, but I still see a promising future for eth. The arrival of the altcoin season requires eth. Without the rise of btc, there would be no bull market, and without the rise of eth, there would be no altcoin season. The myth of getting rich created by the altcoin season is what attracts a large number of new users. Relying solely on the rise of sol, which imitates eth's existing ecosystem without any innovation, is just a battle among existing users. At most, it's like the current situation where most coins, except for a few, cannot keep up with btc's rise. I believe in the vitality of the crypto market, I believe that the 25th year will be a frenzied bull market year, I believe there will be another altcoin season in this cycle, so I also believe that eth's spring will eventually come.🥳
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