CoinVoice has learned from Barron's that as Bitcoin corrected to $94,000 on Christmas Eve, Japanese cryptocurrency exchange bitbank analyst Yuya Hasegawa elaborated on the three key factors impacting the crypto market in 2025.
First, the direction of cryptocurrency policy under the Trump administration will dominate market sentiment. The proposed strategic Bitcoin reserve plan and the appointment of pro-cryptocurrency nominees are expected to directly influence the price trends of major cryptocurrencies, including Bitcoin, XRP, and Dogecoin.
Second, the Federal Reserve's monetary policy will continue to influence the crypto market. Hasegawa pointed out that loose monetary policy has historically favored Bitcoin prices, while the opposite would have a negative impact. Although the Federal Reserve has cut interest rates by 100 basis points this year, the Trump administration's plan to impose a 10%-20% tariff on all imported goods, with tariffs on Chinese goods potentially reaching up to 60%, may exacerbate inflationary pressures, forcing the Federal Reserve to maintain a high interest rate level.
Third, the issue of U.S. government debt may become a new focus for the market. Hasegawa emphasized that the high interest rate environment will exacerbate the burden of government debt. If concerns about debt sustainability arise in the market and the U.S. strategic Bitcoin reserve plan is successfully implemented, Bitcoin's safe-haven properties as digital gold will receive more attention, potentially driving its valuation further up. [Original link]
