
Grayscale said Bitcoin (CRYPTO:BTC) may have already reached its latest market bottom.
The firm said expected US Federal Reserve interest rate cuts could improve conditions for Bitcoin and other risk assets.
Grayscale said lower interest rates have often supported demand for assets such as Bitcoin.
The firm said market uncertainty remains, even if economic conditions become more favourable.
The Federal Reserve's interest rate decisions can influence investor demand for cryptocurrencies and other financial assets.
At the time of reporting, Bitcoin price was $65,314.02.