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Crypto Biz: All I want for Christmas is Bitcoin, Dec. 9–16
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On Wednesday, the United States Federal Reserve wrapped up its final policy meeting of 2021 by voting to keep interest rates at record lows. In doing so, the Fed set the stage for a series of interest rate hikes beginning in the spring, which will be accompanied by a more accelerated taper of its bond-buying program.
While the Fed’s decision to reduce market liquidity could impact crypto investors in the short term, Bitcoin (BTC), Ether (ETH) and DeFi are carving out their own narratives heading into 2022. Those narratives could supersede the latest episode of central-bank tightening.
Below is the concise version of the latest “Crypto Biz” newsletter. For a comprehensive breakdown of business developments over the last week, register for the
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