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Bitcoin Price, Ethereum, XRP Slide. Why It's Still Been a Good Week for Cryptos.

1. Bitcoin slid 0.6%, still up for the week. 2. Recent market rally fueled by Federal Reserve's interest rate cut. 3. Investor profit-taking likely contributed to the slide in prices. 4. Lower interest rates boost risk appetite for cryptos. 5. Fed indicates more rate cuts may come, remaining bullish for digital assets.

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FAQ

Why Bullish?

The Fed's rate cut enhances market liquidity, positively influencing SPY. Past instances show that overall market performance improves post Fed rate cuts.

How important is it?

The Fed's actions generally correlate with market movements, thus influencing SPY's performance. Rate cuts are often seen as supportive for overall equity markets.

Why Short Term?

Quickly changing market dynamics indicate immediate reactions to monetary policy. Historical patterns show swift responses to Fed decisions in equities.

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