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The crypto market continued to be weak in December, and Kevin Hassett may dominate Fed policy.
[Coin World] The crypto market continues to decline in December, and it has actually been soft since September. It's the holiday season, and liquidity is naturally poor, which is normal.
Interestingly, compared to historical data, this drop isn't actually that severe. But here's the problem—while other assets are starting to recover, only the cryptocurrencies are still stagnating, and this contrast is quite striking.
Everyone is now focused on the US market. Do you remember that surge before Thursday? The price is currently hovering around that area, and it's hard to say where it will go next.
There is a piece of news worth noting at the policy level: Kevin Hassett is now a popular candidate for the Chairman of the Federal Reserve. This guy had a pretty open attitude towards innovation in digital assets when he was an advisor, and there are already signs of this.