The cryptocurrency market witnessed a modest increase on Thursday evening, primarily driven by the Federal Reserve’s (Fed) indication of possible interest rate reductions in the coming year and the positive sentiment surrounding the Bitcoin ETF. What Happened: The December Federal Open Market Committee (FOMC) meeting proved to be highly favorable for the markets. Risk assets, including cryptocurrencies, experienced a surge as the central bank displayed a more accommodative approach towards monetary policy. In other news, JPMorgan anticipates that ETH will outperform Bitcoin and other cryptocur…

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