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BiyaPay Analyst: Goldman Sachs Expects Fed to Cut Rates for 3 More Months, BTC Hits New All-Time High, Bull Market May Be Entering a Breakout Phase

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On August 14th, the latest forecast provided by the Macro Economic Research Team of Goldman Sachs predicts that the Federal Reserve will reduce interest rates by 25 basis points in September, October, and December of 2025, with a total of three rate cuts. This policy adjustment is anticipated to lead the global market towards a lower interest rate environment. Goldman Sachs also forecasts that in 2026, the Federal Reserve will cut rates by another two times, each time by 25 basis points, ultimately bringing the terminal interest rate range down to 3% to 3.25%. BiyaPay analysts point out that against this macroeconomic backdrop, the cryptocurrency market has also demonstrated strength. Bitcoin (BTC) broke through $123,500 and hit a new all-time high, with the current price at $123,536.47, showing a 24-hour gain of 3.01%. However, the market is experiencing significant volatility, so investors should be cautious to manage risks and ensure rational investment. To assist users in better seizing this investment opportunity, BiyaPay offers users comprehensive cryptocurrency trading services. BiyaPay supports the exchange of over 200 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and more. Whether it is spot trading or contract limit trading, BiyaPay does not charge any fees, helping users maximize their trading profits.
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Coinbase will undergo maintenance on August 19th

August 14th. According to official channels, Coinbase is scheduled to undergo maintenance at 8 a.m. on August 19th in Beijing time. During this maintenance period, there will be delays in sending and receiving BTC, LTC, BCH, ZEC, and DASH. Delays will also be experienced for all ERC20 tokens, as well as for sending and receiving on the Ethereum (ETH) and Ethereum Classic (ETC) networks. However, trading will not be impacted.

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Tom Lee: PPI Is Just a Blip, Buy the Dip Has Worked Every Time Since Late 2022

On August 14th, Tom Lee, the newly appointed chairman of BitMine, tweeted, stating, "Today's 'hot' PPI is merely a sideshow. Since the end of 2022, each dip has been a buying opportunity."

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After the release of the US July PPI data, the probability of a 25 basis point interest rate cut by the Fed in September stands at 92.5%.

On August 14th, after the release of the U.S. July PPI data, the probability of a 25-basis-point rate cut by the Fed in September slightly decreased to 92.5%, while the probability of keeping the interest rate unchanged was 7.5%.

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Ethereum Surges Above $4600

On August 14th, according to HTX market data, Ethereum has gone up above $4600, and it has a 24-hour decrease of 2.02%.

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Coinbase CEO: Over the past decade, BTC has seen a price increase of 490x, while ETH has seen a price increase of 3,500x

On August 14th, Coinbase CEO Brian Armstrong tweeted the asset performance over the past decade, which includes: · Gold: 201% · S&P 500: 207% · Bitcoin (BTC): 49,000% · Ethereum (ETH): 350,000%

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US Stock Crypto Reserve Concept Stocks Experience Widespread Decline, with Sharplink Falling by 6.29%

On August 14th, according to the market data of Rockflow, US stock cryptocurrency reserve concept stocks generally declined. This includes: · Sharplink Gaming decreased by 6.29%; · Bitmine dropped by 4.66%; · BTCS fell by 4.83%. · Strategy went down by 2.53%; · Circle increased by 1.55%; · Bullish rose by 4.93%.

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