Crypto Market Anticipates Volatility as Bitcoin Surges Beyond 35K, Thanks to Jerome Powell and FOMC Decision

Bitcoin could experience a significant rally leading up to Christmas, thanks to the United States Federal Reserve's decision to hold interest rates steady and concerns about potential higher rates triggering a recession. The approval of the first U.S.-based Bitcoin spot ETF, likely to come before January 10, could provide an additional boost. However, potential obstacles include higher inflation in the U.S. and tensions between Israel and Palestine. Despite the volatility and challenges faced by the crypto market, the year-end outlook for Bitcoin and cryptocurrencies remains positive.