[IG Group Analyst: Crypto Market Likely to Extend Rebound After Rate Cuts, Short-Term Bottom May Have Formed] IG Group analyst Chris Beauchamp stated that as the Federal Reserve is expected to initiate rate cuts this week, Bitcoin and other cryptocurrencies are likely to continue their rebound. Easing monetary policy could drive capital inflows into the crypto market, and the recent pullback has created more attractive entry points. The weekend decline in Bitcoin and Ethereum attracted buyers, suggesting that a short-term bottom may have formed.