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Crypto

Bitcoin Consolidates Above True Market Mean Amid Hawkish Fed Comments

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BTC
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Since Federal Reserve Chairman Kevin Warsh's hawkish Jackson Hole keynote on August 28th, Bitcoin has remained relatively stable within a three percent-band between $76,500 and $79,500.

This stability is in line with predictions that BTC will continue to trade in a lower timeframe range.

The True Market Mean, or the average cost basis of every active investor on the network, currently stands at $76,350.

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