The Federal Reserve chairman Jerome Powell, who confirmed that interest rates would rise in 2022 as well as a slowing of bond purchases since the coronavirus’s March 2020 emergence, led to a reversal in cryptocurrency prices. Investor sentiment also reversed its course after December 15.

The announcement is now (BTCThe () price gained 1.65%, taking it to $49,000. Ether also climbed above $4,000. Altcoins looked the same with their double-digit gains. At the moment it seems like bulls have regained control.