Bitcoin Sees Surge Amidst Signs of Fed Policy Shift

The cryptocurrency market experienced a positive surge following the release of ADP employment figures, which hinted at a potential shift in the Federal Reserve’s policy stance. Bitcoin soared past $93,000 as analysts anticipate further easing measures from the Fed, particularly after the surprising drop in November’s job numbers and the anticipation of Chairman Jerome Powell’s December 10th address. These factors suggest an increased probability for a reduction in interest rates by the Fed.