Bitunix analysts observed that the price of Bit dropped significantly today, falling more than 5% intraday, approaching the $95,000 level. At the same time, cryptocurrency concept stocks generally declined, with Bit Digital falling more than 7%, MicroStrategy falling more than 5%, and Coinbase falling more than 4%.
Market dynamics:
- Impact of Federal Reserve policy: Federal Reserve Chairman Powell stated in the latest monetary policy meeting that although a rate cut was implemented in December, the pace of future policy adjustments may slow down. He also explicitly stated that the Federal Reserve has no intention of participating in any government plans to stockpile Bit, and that such issues should be decided by Congress.
- USDT withdrawal from the European market: Due to the upcoming comprehensive implementation of cryptocurrency regulations in the EU, Tether has announced that it will delist its USDT from the European market. This move may reduce the appeal of USDT to global investors, especially against the backdrop of the incoming president Trump, who may drive a new wave of cryptocurrency investment.
Bitunix analyst's perspective:
The recent market volatility is mainly influenced by changes in macroeconomic policies and the regulatory environment. Analysts suggest that investors closely monitor policy dynamics and carefully assess investment risks. Particularly in the context of the Federal Reserve's monetary policy adjustments and the tightening of regulations in the European market, the cryptocurrency market may face greater uncertainty.
