Analyst: Bitcoin Inflows Could Rise If Federal Reserve Pauses December Rate Hikes

Bitfinex analysts suggest that if the Federal Reserve pauses interest rate hikes at its meeting on December 13, there could be more capital inflows into cryptocurrencies and Bitcoin. Signals indicate that the market expects the Federal Reserve to begin cutting interest rates in the spring of 2024. Additionally, the analyst emphasizes that it's worth noting that Federal Reserve Governor Waller warned earlier this week in a speech that inflation remains high. The uncertainty of whether the slowdown trend will persist exists. The analyst states, “While a pause in rates may boost Bitcoin and other cryptocurrencies in the short term, the longer-term impact will depend on a range of economic factors and the overall direction of monetary policy.”