In the context of the global economy facing many fluctuations, the crypto market is no exception. According to a report from Reuters on January 9, 2025, the coin industry is witnessing significant changes as global financial factors have a strong impact.
The price of Bitcoin is currently stable around $93,432 after a 7% drop over the past two days. This volatility reflects a market sentiment that is unstable, extremely sensitive to changes in the broader economy, including tremors from the bond market and economic policies from major countries like the US and the UK.
It is noteworthy that the volatility of altcoins also shows inconsistent signals. While Bitcoin remains stable, some altcoins are undergoing strong corrections, influenced by recent heavy sell-offs.
The underlying cause of these fluctuations is believed to be due to pressure from rising global government bond yields, particularly in the UK, which strongly affects investor sentiment. Additionally, there seems to be a wave of concern about the new economic policies of elected President Donald Trump in the US, which further increases the sense of instability.
Forecasts for the coin market in the near future will be heavily influenced by the financial policy decisions of major economies, including interest rate decisions from the US Federal Reserve. Adjustments in interest rates as well as new tariff plans may have significant impacts on the crypto market.
To monitor and update the latest developments, the crypto investment community needs to pay attention and thoroughly assess before making transactions. With the continuous and complex changes in the market, timely and accurate information updates will be the key to making wise investment decisions.
Source: Reuters
