Analysts: The crypto market will continue its rebound after the interest rate cut, and a short-term bottom may have already formed.

According to Mars Finance, on December 8th, IG Group analyst Chris Beauchamp stated that Bitcoin and other cryptocurrencies are poised to continue their rebound as the Federal Reserve is expected to begin cutting interest rates this week. Loose monetary policy could drive funds into the crypto market, especially after the recent pullback created more attractive entry points. The weekend declines in Bitcoin and Ethereum attracted buyers, suggesting a potential short-term bottom may have formed. (Bloomberg)