Deep Tide TechFlow News, on December 24, according to Barron's, as Bitcoin retraced to $94,000 on Christmas Eve, Japanese cryptocurrency exchange bitbank analyst Yuya Hasegawa elaborated on the three key factors influencing the crypto market in 2025.
Firstly, the direction of cryptocurrency policy under the Trump administration will dominate market sentiment. The proposed strategic Bitcoin reserve plan and the appointment progress of pro-crypto nominees are expected to directly affect the price trends of mainstream cryptocurrencies including Bitcoin, XRP, and Dogecoin.
Secondly, the Federal Reserve's monetary policy will continue to influence the crypto market. Hasegawa pointed out that expansionary monetary policy has historically been favorable for Bitcoin's price, while the opposite will have a negative impact. Although the Federal Reserve has cut rates by 100 basis points this year, the Trump administration's plan to impose tariffs of 10%-20% on all imported goods, with tariffs on Chinese goods potentially reaching 60%, may exacerbate inflationary pressures, forcing the Federal Reserve to maintain higher interest rates.
Thirdly, the U.S. government debt issue may become a new focus for the market. Hasegawa emphasized that a high interest rate environment will exacerbate the government's debt burden, and if concerns about debt sustainability arise, along with the successful implementation of the U.S. strategic Bitcoin reserve plan, Bitcoin's safe-haven properties as digital gold will gain more attention, potentially driving its valuation further upward.
