Analyst: If the Fed stops raising interest rates in December, capital inflows into Bitcoin may increase

According to Mars Finance news, Bitfinex analysts said that if the Federal Reserve suspends interest rate increases at the December 13 meeting, there may be more capital inflows into cryptocurrencies and Bitcoin. Bitfinex analysts pointed out that the signal indicates that the market expects the Federal Reserve to start cutting interest rates in the spring of 2024. In addition, the analyst emphasized that it is worth noting that Fed Governor Waller also warned that inflation remains high in a speech earlier this week. There is uncertainty about whether the slowdown will continue. Analysts said: “So while a pause in interest rates may boost Bitcoin and other cryptocurrencies in the short term, the long-term impact will depend on a range of economic factors and the overall direction of monetary policy.” (The Block)