The Week Ahead In Crypto: Federal Reserve Governor Christopher Waller Advocates For December Rate Cut

A senior Federal Reserve official has indicated that interest rate cuts may be on the agenda for the upcoming December meeting, potentially signaling a positive shift for the crypto market. This development has sparked optimism among investors, suggesting a possible rally in cryptocurrencies as traders anticipate a more favorable monetary policy environment.

Bitcoin's price has rebounded to $86,000 after hitting a low of $80,915 last week, as Deutsche Bank identifies five key factors contributing to the recent sell-off in the cryptocurrency market. This recovery follows a period of significant volatility, with notable commentary from figures like Anthony Popliano and Fed Governor Christopher Waller.

South Korea's Financial Intelligence Unit (FIU) is preparing to impose sanctions on cryptocurrency exchanges that fail to comply with anti-money laundering (AML) regulations. This decision underscores the government's commitment to maintaining the integrity of its financial system amidst growing concerns over compliance failures in the crypto sector.

Hedera crypto has gained attention at COP30, where it announced its partnership with Wyoming's stablecoin initiative, despite the HBAR price experiencing a 19% decline over the past week. This development highlights Hedera's efforts to establish itself in the competitive cryptocurrency market while navigating recent volatility.

A wave of significant U.S. inflation and jobs reports is expected this week, prompting traders to brace for potential volatility in stocks and cryptocurrencies as Federal Reserve policy expectations come into focus amid declining liquidity.

Aerodrome Finance, the largest decentralized exchange (DEX) on Base, has experienced a significant security breach due to a suspected DNS hijack, which transformed its website into a phishing trap. The company has advised users to avoid its main domain while it investigates the incident, which was reported on November 22.

India is set to launch a rupee-backed stablecoin, marking a significant shift in its approach to digital currencies, diverging from the Reserve Bank of India's cautious stance on cryptocurrencies. This development is part of a broader trend in Asia as countries adapt their regulatory frameworks to accommodate the growing influence of digital assets.

Bitcoin (BTC) has seen a significant drop, retesting the $85,000 level after fluctuating between $83,540 and $84,000, while Ethereum (ETH) is consolidating above $2,700. The overall cryptocurrency market is experiencing a downturn, with major coins struggling to maintain their values.