Bitcoin’s Future: Will Rate Cuts Provide Relief or Cause More Uncertainty?

Bitcoin is facing a turbulent start to December, mirroring losses in other cryptocurrencies. The market, previously buoyed by hopes of interest rate cuts, now finds itself grappling with an uncertain future as the year draws to a close. Recent analysis suggests that these anticipated rate cuts might offer some relief for cryptocurrencies, but their impact remains to be seen. Will Bank of America’s predictions come true? 25-basis point cuts are currently favored by analysts and investors alike.