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The overall volatility of the cryptocurrency market this week is significant, mainly influenced by the Federal Reserve's interest rate cuts, concerns about the AI sector in the US stock market, and macroeconomic risk sentiment. The price of Bitcoin (BTC) fluctuated repeatedly around $90000, briefly falling below that level before rebounding, but facing the risk of negative growth for the first time throughout the year.
1: Bitcoin price volatility: BTC rebounded to over $92000 at one point, boosted by expectations of a Fed rate cut (market expectation of a 93% probability of a 25 basis point rate cut). But later, due to the decline in AI related technology stocks and the sell-off of risk assets, BTC fell below $90000. Currently hovering in the range of $89000-92000. Throughout the year, BTC has fallen over 30% from its October high of $126000.
2: The impact of the Federal Reserve: After a 25 basis point interest rate cut in December, BTC briefly fell instead of rising, which the market interpreted as a "sell fact". The performance of rising and falling is obvious.
3: Regulatory and Industry Events: Trump Administration Impact: SEC Relaxes Enforcement on Over 60% of Cryptocurrency Cases, Many Beneficial Companies Have Financial Ties with Trump Family. Approve the first batch of 5 encryption focused national banks.
4: This week's news is neutral to cautious: interest rate cuts have not brought about the expected bull market, and the market is more dragged down by stock linkage and AI concerns. But institutional hoarding and regulatory loosening provide long-term support. The cryptocurrency market is still highly sensitive to macro events and may continue to fluctuate in the short term. The daily bearish structure continues.
Pay attention to the core support level ETH3030 BTC89000
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Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.