(Edited by James Rubin)
Good morning. Here’s what’s happening:
Market moves: The crypto market cheers for a “Santa rally” as bitcoin crossed a key price level at $50,000.
Technician’s take (Editor’s note): Technician’s Take is taking a holiday hiatus. In its place, First Mover Asia is publishing the third in a series of stories on the year in cryptocurrency markets by CoinDesk markets analyst Damanick Dantes and Managing Editor of Markets Brad Keoun.