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🚨 Bitcoin surges past $117K!
BTC spiked 5% to $117,300 after Fed Chair Jerome Powell hinted at a possible rate cut in September during the Jackson Hole speech. The move liquidated nearly $380M in shorts, while ETH jumped 15% to $4,760, triggering over $193M in liquidations.
In total, more than $629M was wiped out across the market, catching 150K traders off guard. Analysts say the uptrend is back, with cycle targets from $145K to $200K in play. Optimism is growing as Trump’s crypto-friendly 401(k) plans and Fed policy could fuel BTC’s push to fresh all-time highs.
#Bitcoin BTC #Crypto