Bitcoin Rebounds to $92,000 as Vanguard Opens Crypto Access, Fed Ends Quantitative Tightening

Bitcoin briefly returned to $92,000 and Ethereum reclaimed the $3,000 level on December 3, recovering losses from the December 1 sell-off, BlockBeats reports. Vanguard, the world's second-largest asset manager, began allowing its 8 million self-directed brokerage clients to trade BlackRock's spot Bitcoin ETF, marking the firm's first crypto offering. Bank of America recommended interested investors allocate 1%-4% to digital assets. Trump strongly hinted at a press conference that Hassett would succeed Fed Chair Powell, criticizing Powell's interest rate policy and fueling market expectations for crypto-friendly dovish Fed leadership. The Federal Reserve officially ended quantitative tightening on December 2, with liquidity easing expectations gradually materializing despite some views suggesting effects may appear in early 2025.