According to BlockBeats news on December 24, as Bitcoin retraced to $94,000 on Christmas Eve, bitbank analyst Yuya Hasegawa elaborated on the three key factors influencing the crypto market in 2025, as reported by Barron's.
Firstly, the cryptocurrency policy direction of the Trump administration will dominate market sentiment. The 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.
Secondly, the Federal Reserve's monetary policy will continue to affect the crypto market. Hasegawa pointed out that loose monetary policy has traditionally been beneficial for Bitcoin prices, while the opposite would have a negative impact. Although the Federal Reserve has already 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%, could exacerbate inflationary pressures, forcing the Federal Reserve to maintain higher interest rates.
Thirdly, the issue of U.S. government debt may become a new focus for the market. Hasegawa emphasized that a high interest rate environment will increase the burden of government debt. If concerns about debt sustainability trigger market worries, and if the U.S. strategic Bitcoin reserve plan is successfully implemented, Bitcoin's safe-haven properties as digital gold will receive more attention, which could further boost its valuation.
