#Bitcoin rallies against the trend#
Hot Topic Overview
Overview
Bitcoin surged despite a stock market decline driven by global markets digesting the Fed's pessimistic rate cut forecasts for 2025. K33 Research reports that Bitcoin has edged higher over the past day, despite its 30-day correlation with the Nasdaq climbing above 0.50. Analysts believe that the December FOMC meeting was seen as a major catalyst for risk asset declines, with the Fed cutting its 2025 rate cut forecasts from four to two, but Bitcoin's resilience may indicate it is breaking free from its correlation with traditional markets.
Ace Hot Topic Analysis
Analysis
Despite a global market sell-off driven by pessimistic expectations of Fed rate cuts in 2025, Bitcoin has bucked the trend and surged higher. A report by K33 Research notes that Bitcoin has edged higher over the past day, even as global risk-off sentiment has pushed equities lower. However, Bitcoin's 30-day correlation with the Nasdaq has climbed above 0.50, indicating that it remains susceptible to stock market sentiment. Analysts believe that the December FOMC meeting is seen as a major catalyst for risk asset declines, with the Fed cutting its 2025 rate cut projections from four to two. Nevertheless, Bitcoin's counter-trend rally suggests that it may be breaking free from its close ties to traditional markets and exhibiting independent momentum.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin recently rose against the trend, unaffected by the stock market decline
The correlation between Bitcoin and the Nasdaq is rising, indicating that it is affected by risky assets
Pessimistic expectations of Fed rate cuts are the main reason for global market risk aversion
The December FOMC meeting is seen as the main catalyst for the decline in risky assets