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#Will this bull run be a major one for meme coins? Santiment: Bitcoin experienced a bullish sentiment in the market after hitting a low point early this morning.
Gate News: According to Jinse Caijing, on October 11th, the encryption market research institution Santiment posted on social media that Bitcoin hit a low of $58,900 in the early morning today, the lowest point in three weeks. However, market data shows that traders believe this decline is an opportunity to Buy the Dips, and the narrative has turned bullish. In addition, the US CPI data also met expectations, and the market still believes that there will be a 25 basis point interest rate cut in November.