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Bitcoin BTC: Is The BULL RUN Starting EARLY? - This Is BAD...Bitcoin and Ethereum both showed stability and both have managed to trade in a positive range ever since a month. Here's why the crypto market is rising. The U.S. Federal Reserve's stance on interest rate hikes has moved the crypto market upside down. Bitcoin crossed the level of $31, in July. The cryptocurrency market is starting to bounce back a year after the collapse of crypto exchange FTX and other big players in crushed.