Bitcoin Price Dips: Bank of America Predicts Rate Cuts Could Boost Crypto

Bitcoin’s price suffered a noticeable drop in December, with many other cryptocurrencies experiencing losses exceeding 10%. While last week’s market rise was fueled by optimism about an interest rate cut, the month-end candle extinguished that momentum. Now, uncertainty surrounds what the future holds for the cryptocurrency market – especially given the recent shift in bank forecasts. Bank of America recently updated its December interest rate predictions and economic outlook, signaling a possible rate cut and a positive end to the year. 25 basis points is what analysts anticipate, but how will this affect Bitcoin?