【Viewpoint: This month's expectation of a Federal Reserve interest rate cut has been largely priced in by the market, resulting in limited short-term impact on cryptocurrency prices】On December 16, GCash cryptocurrency director Luis Buenaventura stated that since the market has already priced in the expectation of an interest rate cut by the Federal Reserve this month, the direct impact of this policy adjustment on cryptocurrency prices will be relatively limited. Historical data shows that when Bitcoin experiences a 50% increase within 60 days, there is about a two-thirds probability of achieving an additional 35% increase in the following two months. Neal Wen, head of global business development at Kronos Research, added that in a low-interest-rate environment, institutional investors tend to view crypto assets as an alternative to traditional investments. Presto Labs research analyst Min Jung pointed out that the market focus has shifted to Federal Reserve Chairman Powell's policy speech content and the latest economic forecast dot plot, which will provide important guidance for the direction of monetary policy in 2025.