After more than half a month of sideways consolidation, the crypto market finally迎来了重大利好 for the New Year. Once the Federal Reserve meeting minutes on December 31st were released, the market immediately sensed two important signals — the broad pattern of global liquidity easing has been basically set, and the medium-term upward trend of cryptocurrencies now has policy backing.

**The direction of rate cuts is already determined, and disagreements do not change the outlook**

The two core messages in these minutes are particularly crucial. First, the FOMC has finalized the direction of rate cuts at the December meeting. Although officials have differing views on economic risks, the overall trend of easing is no longer in doubt. Second, most officials indicated that as long as inflation declines as expected, continuing to cut rates is a reasonable choice.

This is not just a verbal commitment but a real move that lays the groundwork for reconfiguring global capital flows. For high-risk assets like BTC and ETH, this is the most solid policy support during the year-end period.

**The US dollar's attractiveness falls behind, where is the money flowing**

From the perspective of capital flow logic, as expectations of Fed rate cuts heat up, the appeal of dollar assets' yields diminishes. When low-risk dollar allocations become less valuable, capital seeking higher returns will naturally shift toward the high-risk, high-reward crypto space.

It must be acknowledged that in the previous rally of BTC and ETH, the market had already partially priced in the rate cut expectations. But the true value of these minutes lies in — they reinforce the transmission pathway of "inflation falling → central bank cutting rates" into a fact, turning expectations into certainty. With this certainty in place, the foundation for a bullish crypto market becomes more solid, and the imagination space for medium-term opportunities opens up.