Cryptocurrency markets started the last month of 2023 positively. Bitcoin (BTC), the flagship of the market, rose 1.42 percent to $ 38,300 on the first trading day of December.
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Bitcoin ended November around $ 37,700 and realized its best monthly close since April 2022. Ethereum, on the other hand, exceeded $ 2,100 with an increase of 2.5 percent to the new month. XRP rose 0.84 percent and found buyers at $ 0.61.
Trade tracking platform Material Indicators reported that market depth was maintained and avoided last-minute sales at the close.
Markets will focus on Fed Chairman Jerome Powell's statements today. Analysts noted that capital inflows to crypto markets could continue in December as macroeconomic data pressures eased.
Fed Board Member Christopher Waller said that interest rate cuts could begin if inflation continues to fall over the next three to five months.
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