Report: Bitcoin is entering a critical moment in the market and continues to show bullish momentum

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ODAILY
01-21
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Odaily reports that 10x Research believes gold and Bitcoin are entering a critical moment in the market. As gold rebounds to near historical highs, Bitcoin continues to show a bullish trend, with macroeconomic factors such as easing inflation concerns, tariffs lower than expected, and dovish comments from the Federal Reserve driving optimism. In late October last year, just a week before Trump's election, gold prices stopped rising and entered a consolidation phase. This was attributed to the potential inflationary pressure from Trump's proposed immigration and tariff policies, as well as his commitment to replenishing the strategic oil reserve. Economists predict that all of these factors could push up inflation expectations. The tariff policies announced by Trump are currently more moderate than expected, and Federal Reserve Governor Waller took a dovish stance last week, providing solid macroeconomic reasons to support gold's rebound to historical highs and the continued rise of Bitcoin. These factors, along with last week's CPI data, are key considerations that make us more optimistic about the current market outlook.

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