Bitcoin Set for Growth as Central Banks’ Rate Cuts Boost Global Liquidity, Says Bitfinex’s Jag Kooner

COINOTAG has revealed that on December 13, Jag Kooner, the head of derivatives at Bitfinex, emphasized how recent monetary policy shifts among prominent central banks are likely to enhance global liquidity and, in turn, positively impact the cryptocurrency market. This week, the European Central Bank announced its fourth interest rate cut of the year, reducing deposit rates by 25 basis points to 3%. Meanwhile, after the People’s Bank of China made its first interest rate cut in 14 years, financial giants Goldman Sachs and Morgan Stanley are projecting an additional 40 basis points reduction in 2025 – marking the largest annual decrease since 2015. For the Federal Reserve, the latest CME FedWatch data indicates a greater than 96% probability of a 25 basis point rate cut during the upcoming FOMC meeting on December 18. Kooner noted that the recent market witnessed a notable reduction in leverage following a staggering $1.7 billion liquidation, combined with seasonal influences from the “Christmas market” effect, suggesting a potential new uptrend for Bitcoin.