"Market jitters were calmed by the news that Vanguard was reversing its long held decision to ban crypto ETFs from its platform,"
"That potentially opens up crypto access to its 50 million brokerage customers."
"With a Fed rate cut expected at the December meeting, liquidity should remain supportive of risk assets into 2026,"
Bitcoin's price jumped around 11% in two days to just under $93,000 after a weeks-long stretch of decline. Vanguard reversed its long-held ban on crypto ETFs, enabling its brokerage customers to buy and sell crypto ETFs. The week had earlier begun with an 8% drop after Japan raised its two-year bond yield to a 17-year high, extending a nearly two-month slide. Six weeks after an early-October $126,000 high, Bitcoin fell 35% to $82,000. October-November weakness correlated with macro factors including tariff threats to China and reduced odds of a December Fed rate cut. Recent remarks by a New York Fed official increased expectations for a December rate reduction, supporting liquidity for risk assets into 2026.
Read at Fortune
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