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Will the SEC’s crypto task force spark a new Bitcoin rally?

The SEC’s Crypto Task Force is a significant regulatory move aimed at addressing crypto market challenges. Investors are reacting positively, leading to notable price movements in Bitcoin, which rebounded sharply after the announcement.

Despite a shrinking risk appetite, the overall crypto market remains volatile. Historical trends suggest that Bitcoin has the potential for a bullish Q1, especially if regulatory actions align favorably. This optimism is heightened with a strong expectation of rate cuts in the upcoming FOMC meeting.

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