Just finished watching the Federal Reserve's speech, and the overall tone was quite warm. Clearly signaling that the main theme for next year is rate cuts, and raising interest rates is basically no longer in consideration.

This is a good piece of news for the market—liquidity expectations are improving, and risk assets may benefit. BTC is also starting to show some reaction, after all, an easing cycle is often a friend to the crypto market.

Of course, the specific path will depend on subsequent data and the pace of policy implementation, but at least the direction is clear.