Bitcoin is limping into Christmas week with no Santa rally in sight.
And Gabriel Selby, head of research at CF Benchmark, says it’s unlikely that the price will recover from its current downtrend until the US Federal Reserve gets a better grip on the economy.
With the record US government shutdown delaying inflation data, the central bank will tread lightly and that means buyers are unlikely to tap into the crypto and push up the price, Selby wrote in an investor note shared with DL News.
“Until we get several months of clean, uninterrupted inflation data, the Fed’s path remains murky,” Sel