Bitcoin correlation with Nasdaq soars as CPI fears intensify
“Higher-than-expected inflation could trigger equity market volatility, potentially dragging Bitcoin lower,” Bitfinex’ head of derivatives told Cointelegraph.
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“Higher-than-expected inflation could trigger equity market volatility, potentially dragging Bitcoin lower,” Bitfinex’ head of derivatives told Cointelegraph.
Rising concerns about Federal Reserve monetary policy and rising bond rates are having a negative impact on Bitcoin’s price.
The incoming Trump administration’s crypto regulations and the US Federal Reserve’s monetary policy path remain the biggest factors influencing Bitcoin’s price trajectory.
Bitcoin’s daily volume remains 91% lower than the $743 million on Dec. 5, when BTC first surpassed the $100,000 milestone.
Bitcoin analysts predict a rally to $120,000 during the first month of 2025, with nearly $45 billion worth of stablecoin reserves awaiting deployment on Binance.
Bitcoin remained resilient despite the options expiry, peaking above $97,330 one hour after the year’s last options expiry event.
Metrics like the number of confirmed payments can be used to gauge investor activity on the Bitcoin network.
Metrics like the number of confirmed payments can be used to gauge investor activity on the Bitcoin network.
Bitcoin struggles below $100,000 amid holiday illiquidity, but analysts predict a rally above $105,000 post-Christmas, citing macro trends.
An interest rate cut by the Federal Reserve could help Bitcoin finish the year at “record-breaking levels,” according to Bitfinex’s head of derivatives.
