Bitcoin Price Jumps to $39K as Traders Bet on Slowing Fed Rate Hikes
• Bitcoin price hit $39K on Dec 1 as Powell comments stir hopes Fed rate hikes nearing end • Powell says calling an end to hikes now would be "premature" but keeps door open • Bitcoin bulls react, overcoming resistance at $39K, boosted by Powell's tone • Traders predict further upside for Bitcoin, targeting at least $39,200 next • Market bets show expectations for a pause in Fed hikes at December 14 FOMC meeting