Revealed! Bitcoin "stalls" before 100,000.
As Bitcoin sprints towards the 100,000 mark, what exactly caused it to suddenly "stall" and stagnate? "Share my insights.
First, the US economy continues to heat up, job vacancies surge by 259,000, and PMI data is also red. Everyone is wondering: Can the Fed cut interest rates in 2025? I'm afraid it's not that simple! Inflation is still stubbornly hovering above 3%, far from the 2% target. Coupled with the hot job market, the Fed's high interest rate policy may continue, adding variables to Bitcoin's bull market.
Second, the service industry is growing rapidly. Data from the US Institute for Supply Management showed that it grew rapidly in December, and inflation seems to be "dependent" on the US economy. This directly led to a surge in 10-year US Treasury yields, pressure on risky assets, and Bitcoin was not spared.
Third, the market is overly optimistic, and Bitcoin positions are piled up. Once there is a slight disturbance, investors panic and sell off, causing prices to plummet. This scene took place within 24 hours, $385 million of Bitcoin was liquidated, bulls suffered heavy losses, and $212 million was wiped out.
Fourth, Trump's regulatory policy is unclear. Can Trump's coming to power bring clear regulatory policies to cryptocurrencies? The market is full of expectations for this, but before the policy is implemented, everyone is still skeptical. Any disturbance may cause confidence to waver, and the road to Bitcoin's 100,000 mark will be even more bumpy.
There are opportunities and risks in the currency circle. Staying vigilant and finding the right time is the key. I also found a short-term skyrocketing project with huge potential for doubling! If you want to keep up with me, click on the avatar and follow me for free sharing!
