#Bitcoin and Ethereum prices are down.#
Hot Topic Overview
Overview
Bitcoin and Ethereum prices have recently declined, primarily due to macroeconomic data that has sparked concerns about long-term inflation. Presto Research analyst Min Jung pointed out that markets, including stocks, have been weak due to persistent inflation concerns, with the Nasdaq and S&P 500 both falling over 1%. The latest economic data from the US has led traders to expect the Federal Reserve to keep interest rates higher for longer, exacerbating market volatility. Additionally, the upcoming inauguration of Donald Trump on January 20 is also expected to cause market fluctuations as investors anticipate policy shifts.
Ace Hot Topic Analysis
Analysis
Recent declines in Bitcoin and Ethereum prices are primarily attributed to macroeconomic data that has fueled concerns about long-term inflation. Presto Research analyst Min Jung pointed out that markets, including stocks, have been weak due to concerns about persistent inflation. Faster-than-expected US economic growth has led to a surge in bond yields, raising concerns about sustained inflation. Cryptocurrency analyst Rachael Lucas of BTC Markets noted that the latest US economic data has led traders to expect the Federal Reserve to maintain higher interest rates for longer. Fed Chair Powell's comments in December, indicating the Fed's unwavering stance on monetary policy, have dampened hopes for further rate cuts, exacerbating volatility. Looking ahead, President Trump's inauguration on January 20 is expected to trigger market volatility as investors anticipate policy shifts.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Macroeconomic concerns about long-term inflation intensified, leading to declines in Bitcoin and Ethereum prices.
US economic growth exceeded expectations, fueling concerns about persistent inflation, leading to a surge in bond yields, which in turn impacted the cryptocurrency market.
The Federal Reserve is expected to maintain higher interest rates for longer, exacerbating market volatility.
Markets are uneasy about the Fed's hawkish stance, dampening hopes for further rate cuts.