According to BlockBeats, on December 24, as Bitcoin corrected to $94,000 on Christmas Eve, Yuya Hasegawa, an analyst at the Japanese cryptocurrency exchange bitbank, detailed the three key factors influencing the cryptocurrency 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 appointment progress of pro-cryptocurrency nominees are expected to directly influence the price trends of mainstream cryptocurrencies, including Bitcoin, XRP, and Dogecoin.
Second, the Federal Reserve's monetary policy will continue to affect the cryptocurrency market. Hasegawa pointed out that loose monetary policy has historically been favorable for Bitcoin prices, while the opposite would have a negative impact. Although the Federal Reserve has cut rates by 100 basis points this year, Trump's plan to impose tariffs of 10%-20% on all imported goods, with tariffs on Chinese goods potentially reaching 60%, could exacerbate inflationary pressures and force the Federal Reserve to maintain higher interest rates.
Third, the U.S. government debt issue may become a new focus for the market. Hasegawa emphasized that a high-interest-rate environment will increase the burden of government debt, and if concerns about debt sustainability arise, coupled with the successful implementation of the U.S. strategic Bitcoin reserve plan, Bitcoin's safe-haven properties as digital gold will attract more attention, potentially driving its valuation further up.
