#Bitcoin rallies against the trend#
Hot Topic Overview
Overview
Bitcoin rallied despite a risk-off move in global markets, which saw equities decline after the Federal Reserve cut its 2025 rate cut forecasts from four to two. A report from K33 Research noted that Bitcoin edged higher over the past day, despite its 30-day correlation with the Nasdaq having climbed above 0.50. Analysts believe that the December FOMC meeting is seen as a major catalyst for risk assets to decline, but Bitcoin's performance suggests it may be breaking free from its close ties to equities, exhibiting an independent trajectory.
Ace Hot Topic Analysis
Analysis
Bitcoin has recently bucked the trend, rising slightly in the past day despite a global risk-off sentiment that has sent stock markets lower. K33 Research analysts point out that Bitcoin's 30-day Nasdaq correlation has climbed above 0.50, indicating a strengthening link between the cryptocurrency and the stock market. However, despite this, Bitcoin has still managed to withstand the impact of the stock market decline. Analysts believe that the December FOMC meeting is seen as a major catalyst for risk asset declines, with the Fed lowering its 2025 rate cut forecasts from four to two, which could lead to a more pessimistic outlook on the future economic outlook. However, Bitcoin's ability to rise in such an environment suggests that it may be becoming a safe-haven asset, with investors seeking to move funds into safer assets.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin recently rose against the trend, despite the global market derisking leading to a decline in the stock market.
Bitcoin's correlation with the Nasdaq is rising, indicating that it is becoming increasingly aligned with stock market movements.
The Federal Reserve's downward revision of its 2025 rate cut forecast at the December FOMC meeting was seen as a major catalyst for the decline in risk assets.
Bitcoin's counter-trend rise may be related to the market's digestion of the Fed's rate cut forecast, with investors potentially seeing Bitcoin as a safe haven asset during times of economic uncertainty.