Bitget’s CEO stated that if the Federal Reserve halts its balance sheet reduction in December and initiates a rate-cutting cycle, Bitcoin may achieve a new all-time high. The CEO’s comments suggest that monetary policy changes could significantly impact the cryptocurrency market. A pause in the Federal Reserve’s balance sheet reduction might create a favorable environment for Bitcoin’s price to rise. The potential for a rate-cutting cycle could further enhance investor confidence in Bitcoin, leading to increased demand. This scenario highlights the interconnectedness of traditional financial policies and the cryptocurrency market.
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