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Bitcoin surpassed $117,000, its highest level since August, as traders await the Federal Reserve’s interest rate decision. Market expectations of an easier monetary policy have boosted momentum. Bullish sentiment on social media and stablecoin flows into exchanges indicate readiness to capitalize on market moves. However, caution is advised as markets may move against retail consensus. Options traders are preparing for price volatility. Bitcoin’s future hinges on the Fed’s decision.
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