Today in the trading trenches, Bitcoin and ETH are clawing their way back from significant sell-offs that had the market bracing for a deeper correction. So far, Bitcoin has rebounded from $56,500 to $63,000, while ETH has risen from $2,800 to $3,060, spurred by a dovish turn in the Fed's latest rate policy and weaker-than-expected non-farm payroll and unemployment data. This pattern echoes historical reactions to FOMC outcomes—initial drops followed by swift recoveries post-Powell's calming commentary.
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