PANews reported on January 16 that according to Jinshi, Joel Kruger, a strategist at LMAX Group, said in a report that Bitcoin's volatile trend this week indicates that cryptocurrencies will have an unstable start in 2025. He said that the recent volatility is mainly related to the fluctuations in traditional market sentiment, and crypto assets have a stronger correlation with the US stock market. The market has lowered its expectations for the Federal Reserve to cut interest rates this year, which has pushed up US Treasury yields and the US dollar while reducing risk appetite. He said: "While there is a lot to say about Bitcoin's rebound in safe-haven trading, the market for trading Bitcoin as a risky asset is still active, and Bitcoin may fall when the stock market sells off."
Agency: Bitcoin's recent price trend foreshadows instability at the beginning of the year
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