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Bitcoin rebounds but FOMC will set tone for Santa rally
Bitcoin has rebounded to its highest price since mid-November, crossing $94,000 ahead of the Fed’s expected rate cut today. The asset is increasingly trading within a macropolitical supercycle in which liquidity conditions, regulatory decisions, and the portfolio strategies of major institutional holders outweigh miner-driven supply mechanics, according to Farzam Ehsani, CEO of VALR. While the upside move “rekindled risk appetite,” a sustainable recovery now hinges on the Fed’s policy language, Timothy Misir, head of research at Blockhead Research Network, said. Bitcoin is down 5.9% on the year and 27% from ... (full story)
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