Crypto Market News Today, December 20: Crypto and Bitcoin Price to Hit New All-Time High Next Year? Bessent Warren Vendetta!

by Adrian Russell
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This week started shaky as we reacted to Federal Reserve uncertainty, but sentiment flipped fast. Ethereum surged nearly 2%, and confidence returned as macro data softened. Right from the start, the ongoing Bessent Warren dispute framed much of the conversation, especially as the Bitcoin price held firm despite volatility. But the week closed with a calm look at the market.

The market setup this week can easily be looked at as a pause before something bigger. Inflation data surprised to the downside, and liquidity injections quietly stacked up across the globe. Against that backdrop, the Bessent Warren clash has become more than political noise, with it now tied directly to expectations around regulation, liquidity, and where the Bitcoin price could be heading next.

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Inflation Cools as Liquidity Builds for What’s Next for Bitcoin Price

US inflation printed at 2.7%, well below the 3.1% forecast. That single data point changed the tone for risk assets. Lower inflation opens the door for policy easing, and historically, that environment benefits crypto. As expectations shift, the Bitcoin price continues to reflect growing confidence that tighter conditions are behind us.

Official projections still show one rate cut in 2026, but many analysts expect more if inflation remains subdued. On top of that, discussions around potential $2,000 stimulus checks tied to tariff rebates are resurfacing. Even limited distribution would likely flow into speculative assets, adding upside pressure on the Bitcoin price.

Quantitative easing rumors are also no longer whispers. The Fed has effectively ended tightening, purchasing $23.13 billion in T-bills this week alone. Add the Treasury’s $51 billion liquidity injection and a $5.7 billion debt buyback, plus another $20.8 billion from the Fed. It’s just bullish.

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Regulation, Politics, and the Road to 2026: Bessent Warren Altercation

China also added 1.05 trillion Yuan in liquidity this week, following the global trend. Meanwhile, the US crypto market structure bill has been pushed to January as negotiations continue. While delays frustrate us, clarity could ultimately support the Bitcoin price in the long term, especially as the Bessent Warren divide highlights flaws in past regulatory approaches.

Scott Bessent didn’t mince words, tweeting:

With apologies to @SenWarren, you can’t memory hole three of the largest US bank failures… all under the Senator’s beloved and ill-conceived regulatory straitjacket.”

The above comment sharpened the Bessent vs Warren narrative and strengthened the argument that smarter oversight benefits markets as the Bitcoin price catalyst.

With a total crypto market cap near $3.1 trillion and Bitcoin closing back again to $90,000, momentum remains intact. Liquidity trends suggest 2026 could be explosive, and if history is any guide, the Bitcoin price may test its high.

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The post Crypto Market News Today, December 20: Crypto and Bitcoin Price to Hit New All-Time High Next Year? Bessent Warren Vendetta! appeared first on 99Bitcoins.





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