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Bitcoin and stocks rose after Fed Governor Christopher Waller said he could support holding rates steady. The rally triggered roughly $415 million in short liquidations across the crypto market, according to Decrypt.
Bitcoin has slipped at the start of September after its strongest August since 2017. Decrypt says the move is reviving the “Rektember” nickname as markets watch whether historical September patterns will persist.
Bitcoin begins September facing two potential headwinds: historically weak seasonal performance and renewed rate-hike risk. CoinDesk said the combination could threaten the cryptocurrency’s rally, without providing a price target or market forecast.
