Here's why Bitcoin may remain bullish in December
While crypto started as an industry that was constantly being neglected, it now holds a notable amount of prominence. As seen over the last couple of months, the crypto market, particularly Bitcoin [BTC] has reacted to several moves made by governments across the globe. Meetings, statements, and surges or declines in interest rates by the United States Federal Reserve have particularly influenced the market. More recently, Federal Reserve Chair Jerome Powell signaled a potential decline in interest rate hikes during the month of December. During its final meeting of 2022, Powell noted that the Fed would push down the interest rates by 50 basis points or 0.5 percentage points. It should be noted that the previous hikes were at 75 basis points or 0.75 percentage points. Elaborating on the same, Powell said, “It makes sense to moderate the pace of our rate increases as we approach the level of restraint that will be sufficient to bring inflation down. Time for moderating the p...
