(Edited by James Rubin)Good morning. Here’s what’s happening:Market moves: Bitcoin broke $52,000 briefly, while its supply outside of exchanges reached record highs.Technician’s take (Editor’s note): Technician’s Take is taking a holiday hiatus. In its place, First Mover Asia is publishing a column by CoinDesk Chief Content Officer Michael Casey.Catch the latest episodes of … [Read more...] about First Mover Asia: Bitcoin Continues Its Low-Volume Rally Before Tapering Off
Tapering
Goldman Says Fed May Accelerate Tapering from January: Report
Having kicked off the unwinding of the crisis-era stimulus this month, the U.S. Federal Reserve (Fed) may accelerate the pace of the taper next year, according to a Bloomberg report citing a client note from Goldman Sachs.The central bank will double the pace of scaling back its liquidity-boosting asset purchases to $30 billion per month from the current $15 billion, Goldman … [Read more...] about Goldman Says Fed May Accelerate Tapering from January: Report