BTC may become the main beneficiary of increased global liquidity and may usher in a "Christmas rebound"

Bitcoin is currently holding above $100,000, and analysts say the price of Bitcoin could be a major beneficiary of increased global liquidity as central banks continue to ease monetary policy. With leveraged positions being cleared and year-end optimism growing, Bitcoin appears ready for the next leg up. Bitfinex head of derivatives Jag Kooner noted that the European Central Bank decided on Thursday to cut its deposit rate for the fourth time this year, by 25 basis points to 3%. The move was in response to slowing inflation and weak economic growth across the eurozone. In addition, the market is also closely watching the Federal Open Market Committee meeting of the Federal Reserve on December 18, and speculation is growing that the Fed may cut interest rates. Expectations that the Federal Reserve may cut interest rates by 25 basis points, as well as European easing measures, have boosted optimism in risk markets, including cryptocurrencies, and could trigger a potential "Christmas rally" (TheBlock)