First Mover Asia: Bitcoin Continues Drift Below $60K as Investors Eye Shoppers’ Inflation Response, Biden Fed Chair Pick

First Mover Asia: Bitcoin Continues Drift Below K as Investors Eye Shoppers’ Inflation Response, Biden Fed Chair Pick
Good morning. Here’s what’s happening this morning:Market moves: Bitcoin continues to drift below $60,000 as Biden tees up his pick for Federal Reserve chair.Technician’s take: Momentum is still positive on a weekly basis, which is consistent with a bullish uptrend.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $59,172 -0.8%Ether (ETH): $4,327 -1.81%Market movesBitcoin continued to drift below $60,000, as cryptocurrency analysts looked ahead to a week of possible, reduced trading activity as a result of the U.S. Thanksgiving holiday on Thursday. Ether held steady for much of the weekend above $4,300.…