[Delphi Digital: The Federal Reserve Will Cut Rates at Least Three More Times by 2026] December 4 news, according to the latest report from crypto research institution Delphi Digital, 2026 could become a significant growth period for cryptocurrencies. The Federal Reserve is expected to cut interest rates by 25 basis points again in December 2025, bringing the range to 3.5%-3.75%, and will cut rates at least three more times in 2026, potentially lowering the year-end rate to around 3%. Meanwhile, the quantitative tightening policy will end on December 1, 2025. Combined with the reduction of transitional government assets and the depletion of reserve accounts, these factors will collectively create the first net positive liquidity environment since early 2022. The report points out that the policy environment in 2026 will shift from resistance to a mild tailwind, benefiting duration assets, large-cap stocks, gold, and digital assets with structural demand support. This policy shift is described as a 'controlled descent rather than a sharp pivot.'