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Legendary Trader John Bollinger Breaks Silence on Fed Rate Cut

The Federal Reserve has cut the Fed rate by 50 basis points, citing sustained economic growth and closer to target inflation. This news has led to a positive reaction in the cryptocurrency sector, with investors watching closely for the Fed's next steps. Financial analyst John Bollinger notes that the rate adjustments should be seen as a return to normalcy rather than just monetary policy easing. While there are no signs of a recession according to Fed Chair Jerome Powell, there are risks from the Nasdaq and S&P500 potentially experiencing a normal correction, which could lead to a decline in Bitcoin.

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