Step 1: Recall the effect of moisture on rocks.
An increase in moisture content weakens the bonding between mineral grains and reduces the strength of many rocks.
Step 2: State its effect on bearing capacity.
As the rock becomes weaker, its ability to support loads decreases.
Therefore,
\[
\boxed{\text{Increase in moisture content decreases the bearing capacity of rocks}.}
\]
Hence,
\[
\boxed{(B)}
\]
is the correct answer.