Odaily Odaily reports that LMAX Group strategist Joel Kruger said in a report that the volatile performance of Bitcoin this week suggests an unstable start for cryptocurrencies in 2025. He said the recent volatility is mainly related to fluctuations in traditional market sentiment, and crypto assets have become more correlated with the US stock market. The market has already lowered its expectations for the Fed to cut interest rates this year, which has pushed up US bond yields and the US dollar, while reducing risk appetite. He said: "While there is a lot to be said about Bitcoin rebounding in safe-haven trades, the market for trading Bitcoin as a risk asset remains very active, and Bitcoin may fall when the stock market sells off." (JinShi)