[LIVE] Crypto News Today, December 2 – Bitcoin Rebounds to $87K, Vanguard Opens to Crypto ETFs, Fed Ends QT: Next 100x Crypto?

Core Insights - Bitcoin has rebounded from a dip to $84,000, currently trading close to $87,000, attracting attention from both large investors and smaller traders seeking high returns [1] - The recent recovery follows a challenging November where Bitcoin lost over $18,000, coinciding with record monthly ETF redemptions of $3.47 billion [2] - On-chain activity indicates large holders are accumulating Bitcoin, with technical data showing strong support around $86,000, suggesting a potential run towards $100,000 if December inflows return [3] Group 1: Market Dynamics - Vanguard's policy change allowing clients to trade crypto ETFs and mutual funds starting December 2 could introduce new capital into Bitcoin ETFs, which currently hold $113 billion, potentially stabilizing prices [4] - ETF activity is crucial, with spot Bitcoin funds experiencing significant withdrawals in November but showing signs of leveling off [5] - BlackRock's IBIT, the largest Bitcoin ETF with $70 billion in assets, has increased internal allocations, contributing to the recent price rebound [5] Group 2: Economic Environment - The Federal Reserve's decision to pause quantitative tightening and halt the $2.2 trillion reduction in balance-sheet assets eases liquidity constraints, benefiting assets like Bitcoin [5] - Coinbase's Q4 index update and Franklin Templeton's expansion of its Crypto Index ETF to include major cryptocurrencies widen exposure for investors [6] - The combination of Bitcoin's rebound, Vanguard's policy shift, and the Fed's liquidity changes creates a favorable market environment, potentially leading to significant progress in December [7]