Bitcoin price is hovering roughly around $17,100 on Thursday, data from Cointelegraph Markets Pro and TradingView shows. With a daily gain of almost 4.5%, the market-leading cryptocurrency can successfully prevent the weak end of the month from causing new losses. Nevertheless, November recorded a big minus of 16.2%, which also marks the worst month since 2019. The good mood among investors is therefore more likely to come from the most recent statements by US Federal Reserve Chairman Jerome Powell, who for the first time announced that interest rate hikes could be reduced again as early as December. "Monetary policy affects the economy and inflation with a lag, so we haven't seen the full effect of our tightening," Powell said. To which he adds: "Accordingly, it makes sense to adjust the rate of our increases as we get closer to the level needed to reduce inflation." The time for such adjustments could come as early as December.” However, the head of the cent
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