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Recommendations for Trading in the Cryptocurrency Market on August 27
Bitcoin has retraced to around $79,000,
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Bitcoin has retraced to around $79,000, updating its low near $77,700 yesterday. Ethereum has also stabilized after dipping to $2,430 and is now trading at $2,489, aiming for a return to $2,500.The scenario discussed before the publication has unfolded almost to the worst of the two options. The PCE index for July increased by 0.2% month-on-month against an expected 0.1%, while year-on-year inflation accelerated to 3.7% against a forecast of 3.6%. However, the core figure, most important for the Federal
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Miroslaw Bawulski,
Analytical expert of InstaForex
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Maxim Magdalinin
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