It slumped at the start of December after a woeful November when it fell more than $18,000, its largest dollar loss since May 2021, when a number of cryptocurrencies collapsed. "Speculation that Kevin Hassett is emerging as the leading candidate for the next Fed chair is reinforcing that dovish bias, as investors view him as more comfortable with looser financial conditions," said Joel Kruger, markets strategist at LMAX Group, referring to the primary driver supporting crypto currencies.
FOREX-Euro/dollar hits 5-week high, Bitcoin rebounds as Fed outlook dominates
