Bitcoin Price Hits Fresh Record. How Fed Could Hamper Crypto.

Bitcoin Price Hits Fresh Record. How Fed Could Hamper Crypto.·Barrons.com

Bitcoin price hit an all-time high of more than $106,000 early Monday, reaping further gains from President-elect Donald Trump’s plans to deregulate cryptos and create a national strategic reserve of bitcoin. The slight drop could be due to fears the Federal Reserve will adopt a more hawkish tone as the Federal Open Market Committee meets next on Dec. 18. Cryptocurrencies are generally considered a risky investment and tend to rise when the Fed cuts rates.

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