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Bullish Engulfing Points to More Bitcoin Gains
The BTC/USD pair rebounded by over 6%, paring back some of the losses it made on Monday when the broader crypto market crash accelerated. Bitcoin price was trading at $92,000 up from this week's low of under $83,635. The rebound happened after Donald Trump revealed that he had made his decision on who will be the next Federal Reserve Chair. He plans to unveil his name earlier next year, a move that will undercut Jerome Powell, an official who has been reluctant to cut rates. Market participants believe that Kevin Hassett will become the next chair, a move that would benefit the crypto industry as he has expressed his ... (full story)
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