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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
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Bitcoin Rises as Powell Calls Crypto ‘More Mainstream’ 🚀
Bitcoin climbed over 1% after U.S. Fed Chair Jerome Powell said crypto is "maturing" and “becoming much more mainstream” during his Senate testimony. This marked a shift from past skepticism, as Powell acknowledged the industry's progress since earlier failures and frauds.
Senator Cynthia Lummis challenged Powell on the Fed's 2023 stance labeling public token issuance as unsafe for banks. Powell didn’t commit to removing the language but noted the Fed’s improved understanding of crypto.
Bitcoin traded as high as $108K, now priced around $107,364 (+1.25% daily, +3.05% weekly). $BTC dominance rose to 65.72%, its highest since January 2021, while futures open interest hit $73.31B, signaling bullish sentiment.
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$ETH
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$SOL
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#MarketRebound # BTC110KToday?