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Markets Pause: Bitcoin Dips, Fed Speculation Grows

2/17/2025

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Story summary
  • U.S. markets are closed for Presidents’ Day; Bitcoin has fallen to $96,000 in crypto markets.
  • This week features significant economic events, including Federal Reserve speeches and earnings reports from Walmart and Chinese companies.
  • Asian markets remain subdued, although Tencent shares rose 6.6% driven by AI developments.
  • The U.S. dollar declined following weak retail sales data, increasing speculation about potential Fed rate cuts.