Bitcoin sees worst monthly close in 2 years as traders watch $16.7K

A November to forget. Bitcoin seals its lowest monthly close in two years as it kicks off December with a fresh push for $17K. (Reporting via WilliamSuberg)

The pair managed to avoid losses as the monthly candle closed, instead seeing solid daily gains of around 4.5% for Nov. 30.BTC/USD monthly returns chart . Source: Coinglass

“Thus, it makes sense to moderate the pace of our rate increases as we approach the level of restraint that will be sufficient to bring inflation down. The time for moderating the pace of rate increases may come as soon as the December meeting.” “Given our progress in tightening policy, the timing of that moderation is far less significant than the questions of how much further we will need to raise rates to control inflation, and the length of time it will be necessary to hold policy at a restrictive level,” he added.

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