ChainCatcher news, analysts indicate that as central banks continue to ease monetary policy, the price of Bitcoin may become a major beneficiary of the increase in global liquidity.The European Central Bank announced its fourth interest rate cut of the year this week, lowering the deposit rate by 25 basis points to 3%; after the People's Bank of China cut rates for the first time in 14 years, Goldman Sachs and Morgan Stanley expect a further 40 basis points cut in 2025, marking the largest annual decline since 2015; regarding the Federal Reserve, the CME FedWatch tool shows a probability of over 96% for a 25 basis point rate cut at the FOMC meeting on December 18.Kooner added that after a recent $1.7 billion liquidation, the market's leverage has significantly decreased, and combined with the year-end "Christmas rally" effect, Bitcoin is expected to start a new round of increases.

ChainCatcher news, lawyer Liu Yang stated that in the future, China may implement a licensing system for certain virtual currency businesses, such as the exchange of fiat currency and virtual currency.Based on the current judicial situation, it is possible that relevant departments will be authorized to engage in the exchange of virtual currency to fiat currency, and it is highly likely to be one-way, rather than free exchange; however, trading virtual currency is difficult to liberalize, and issuing coins and mining cannot be liberalized at this stage.

ChainCatcher news, according to Jinshi reports, according to CCTV News, the Central Economic Work Conference was held in Beijing from December 11 to 12.The meeting pointed out that a moderately loose monetary policy should be implemented, with timely reserve requirement ratio cuts and interest rate reductions, to maintain ample liquidity, ensuring that the scale of social financing and the growth of money supply align with the economic growth and overall price level expectations. Explore and expand the macro-prudential and financial stability functions of the central bank. A policy mix should be effectively utilized, strengthening the coordination and cooperation of fiscal, monetary, employment, industrial, regional, trade, environmental, and regulatory policies and reform measures, improving the effective communication and feedback mechanism among departments, and unifying economic and non-economic policies into a consistent macro policy orientation assessment to enhance the overall effectiveness of policies.

ChainCatcher news, according to Caixin, the Political Bureau of the Central Committee of the Communist Party of China held a meeting today to deploy economic work for next year.The meeting emphasized the need to maintain stability while seeking progress, promote stability through progress, implement a more proactive fiscal policy and moderately loose monetary policy, strengthen extraordinary counter-cyclical adjustments, and enhance the foresight and effectiveness of macro-control. The meeting proposed to boost consumption, improve investment efficiency, and expand domestic demand; promote the construction of a modern industrial system through technological innovation; deepen economic system reform and implement landmark measures; expand high-level opening up, stabilize foreign trade, and stabilize foreign investment.At the same time, it is necessary to effectively prevent and resolve risks in key areas, consolidate the achievements of poverty alleviation, promote new urbanization and rural revitalization, and facilitate integrated urban-rural development. The meeting also emphasized increasing the implementation of regional strategies, promoting green transformation and development, and strengthening social security to enhance people's sense of gain and happiness.

ChainCatcher news, according to Jinshi reports, Federal Reserve's Musalem stated that he believes the risks of loosening policy too much and too quickly outweigh the risks of loosening too little. There is uncertainty regarding the neutral interest rate, which may be between 3% and 4%. The Federal Reserve's policy rate is currently well above the neutral level.

ChainCatcher news, according to CoinDesk, based on a report from the Chicago Fed, the current state of the financial industry is the most accommodative since November 2021, which may be beneficial for the development of Bitcoin.

ChainCatcher news, according to Decrypt, Bernstein analyst Gautam Chhugani stated that any signals of loose monetary policy and potential dollar weakness are positive for Bitcoin. He pointed out that as of this year, Bitcoin has risen by 45%, surpassing gold's 27% increase. During a fundraising event held in New York last weekend, U.S. Vice President Kamala Harris expressed support for digital assets and publicly mentioned the crypto industry for the first time.Previously, former U.S. President Donald Trump also held a pro-crypto stance, advocating for friendlier regulatory policies. Although the crypto community remains cautious about Harris's position, Bernstein analysts believe that Harris's statement, along with Trump's support, indicates bipartisan backing, which could lead to more regulatory clarity. The momentum for Bitcoin ETFs remains an important factor. Despite recent price fluctuations, Bitcoin ETF inflows continue to show net inflows, with a cumulative inflow of $17 billion.