BlockBeats news, December 24, according to Barron’s, as Bitcoin pulled back to $94,000 on Christmas Eve, Japanese cryptocurrency exchange bitbank analyst Yuya Hasegawa elaborated on the three key factors affecting the encryption market in 2025.
First, the direction of the Trump administration’s cryptocurrency policy will dominate market sentiment. Its proposed strategic Bitcoin reserve plan and the progress of the appointment of pro-cryptocurrency nominees are expected to directly affect the price trends of mainstream cryptocurrencies including Bitcoin, XRP and Dogecoin.
Second, the Federal Reserve’s monetary policy will continue to impact the crypto market. Hasegawa pointed out that loose monetary policy has historically been good for Bitcoin prices, and vice versa will have a negative impact. Although the Federal Reserve has cut interest rates by a total of 100 basis points this year, Trump plans to impose 10%-20% tariffs on all imported goods, and tariffs on Chinese goods may reach up to 60%. This may aggravate inflationary pressure and force the Federal Reserve to maintain higher interest rates. level.
Third, the U.S. government debt issue may become a new focus of the market. Hasegawa emphasized that the high interest rate environment will increase the government’s debt burden. If debt sustainability issues cause market concerns and the U.S. strategic Bitcoin reserve plan is successfully implemented, Bitcoin’s safe-haven properties as digital gold will gain more attention, which may Promote its valuation to further increase.
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