Liquid Capital Founder Says 60-Day Crypto Downturn May Be Ending on Policy Shift

Liquid Capital founder Yi Lihua said on Dec. 3 the crypto market's 60-day downturn may be ending, with Bitcoin returning to $93,000 and BCH hitting recent highs, despite ETH lagging broader gains. The prolonged decline stemmed from liquidity constraints following events on Oct. 11, four-year cycle dynamics, Japan's rate hike, and U.S. government shutdown risks, but these headwinds have now been absorbed, he noted in a social media post. Yi maintains a positive outlook on subsequent market performance, citing expectations of rate cuts and crypto-friendly leadership appointments at both the SEC and Federal Reserve.