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15:50
Bridgewater Founder Expresses Strong Dollar View, Yen-Gold Retreats Short TermBlockBeats News, January 28th: U.S. Treasury Secretary Yellen stated that the U.S. has always pursued a strong dollar policy and will not intervene in the foreign exchange market to support the yen. Additionally, it is expected that the narrowing trade deficit will boost the dollar. Regarding the S&P 500 Index breaking through 7000 points today for the first time, Yellen believes that the current growth-promoting policies have been effective.
According to Bitget market data, the yen to dollar exchange rate experienced a sharp decline, halting its three-day upward trend. The U.S. Dollar Index rose to 96.4%, with a 0.65% increase in the past 24 hours. Spot gold saw a short-term decline, currently trading at $5277 per ounce.
15:39
From $100 to $33,000? The FOMC super cycle trade may ignite the Layer-2 altcoin marketCoinWorld reports: Bitcoin Hyper's presale has raised over $31 million, with the token priced at $0.013645, and a planned price increase to follow. The project bridges Bitcoin to Solana virtual machine applications and uses its native token HYPER for gas fees, staking, and governance participation. Meanwhile, as the Federal Reserve's policy decision approaches, the market widely expects interest rates to remain unchanged, but Polymarket offers high-return trades for bets on a potential rate cut. Analysts predict that Bitcoin's price could reach $225,000 this year, a trend that may attract capital inflows to projects like Bitcoin Hyper.
15:39
Santiment believes XRP and Ethereum are undervalued after the pullbackAccording to a report by Bijie Network: Despite recent price declines, on-chain data shows that Ethereum and XRP are undervalued. Santiment's 30-day MVRV ratio indicates -8% for Ethereum and -6% for XRP, suggesting that recent buyers have suffered significant losses and there is considerable selling pressure. Bitcoin's positive MVRV provides some market stability, but Ethereum faces resistance from over $611 million in spot ETF outflows, while XRP's drop below $2 is exacerbated by growing macroeconomic concerns. However, the resolution of XRP's legal disputes and the integration of RLUSD into the XRP Ledger are seen as positive factors for long-term institutional adoption.
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