On Saturday, Bitcoin continued to trade above $17,000 albeit flatly, after recapturing that price mark in late November. At press time, the top cryptocurrency was trading around $17,160 after a 0.50% drop in the past 24 hours.
On Friday, Tesla CEO Elon Musk said, “if the Fed raises rates again next week, the recession will be greatly amplified.” Replying to Musk, Sven Henrich, founder of Northman Trader, noted that next week’s rate hike will cement a recession, spelling even more chaos for markets.
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