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Bitcoin Rally Fueled by Trump Loses Steam as Year Draws to Close

(Bloomberg) -- The Bitcoin rally sparked by US President-elect Donald Trump’s election victory in early November is stalling as 2024 draws to a close.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024The digital asset wavered at $93,670 as of 6:34 a.m. on Monday in New York, about $15,000 below the record high set in mid-December. Smaller tokens like Ether and meme-crowd favorite Dogecoin also struggled for traction.Trump’s preference for crypto friendly regulat

Analysis-Lula's embrace of new Brazil central banker has markets wary

After months of rancor, ties between President Luiz Inacio Lula da Silva and Brazil's central bank look poised for an era of sweetness and light - which is precisely what worries some investors. Gabriel Galipolo, 42, is set to take the reins at the bank on Wednesday. Galipolo takes over from central bank governor Roberto Campos Neto, an appointee of former President Jair Bolsonaro, in the first transition since a 2021 law that required heads of state to wait two years before naming their own central bank chief, in a move designed to boost the bank's autonomy.