TechFlow news, on December 13, according to The Block, Jag Kooner, Head of Derivatives at Bitfinex, said that the shift in monetary policy by major central banks will boost global liquidity and benefit the cryptocurrency market. This week, the European Central Bank announced its fourth rate cut of the year, lowering the deposit rate by 25 basis points to 3%. Following China's first interest rate cut in 14 years, Goldman Sachs and Morgan Stanley expect a further 40-basis-point reduction in 2025—the largest annual decline since 2015. On the Federal Reserve front, CME FedWatch data shows over a 96% probability of a 25-basis-point rate cut at the FOMC meeting on December 18. Kooner added that after recent liquidations totaling $1.7 billion significantly reduced leverage levels, combined with the year-end "Santa Claus rally" effect, Bitcoin is poised for a new upward cycle.
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