(Bloomberg) -The turbulence of the global market, which caused digital assets, has raised a new question about the Crypto outlook following last year’s price.
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Bitcoin was traded in New York for $ 102,316 pm on Tuesday at 1:54 pm, partially reduced the decrease by 3 % in the session before coming into the NASDAQ 100 index of US technical stocks. 。 Tokens such as ETHER and Solana have trimmed deeper celloffs.
Deepseek’s sudden success has grew up in AI competition from China and worsens concerns about sustainability of the rich US stock evaluation based on leadership in innovation. The risk of encryption is to support such anxiety, sliding a more speculative enthusiasm, slow down the support of President Donald Trump’s presidential order, and supports supported digital asset regulations.
“The Crypto market is closely related to the emotions of the technology sector, but the volatility is often proved to be temporary,” said Rick Maeda, a Presto Research survey analyst. I wrote it on the memo. The first market reaction was “it may have been excessive.”
The strict correlation between Bitcoin and US high -tech shares emphasizes vulnerabilities. The data compiled by the Bloomberg Show has a 30 -day correlation coefficient of cryptocurrency and NASDAQ 100. The reading of 1 indicates that the assets are running in the rock step, and minus 1 signals the opposite tie.
In the case of Bytetree Asset Management Officer Charlie Morris, considering that the two are running in tandem, it is difficult to distinguish between Bitcoin and Big Tech. “Bitcoin cannot make a new high price,” he wrote in his memo, despite the retreat of this year’s presidential decree and dollar meter.
The token reached a record of $ 109,241 prior to Trump on January 20, but slid down. His presidential behavior on Thursday failed to cause many market reactions. Bitcoin jumped 465 % in 2023 and 2024, and some asked how long a good era would last.
According to Jonathan Yark, a senior Quant Trader of Acheron Trading, a professional clader of Trump is still a powerful pillar of powerful support for bitcoin and other digital assets. Among the most enthusiastic actions from Trump, there is a potential creation of the National Bitcoin Protection Avenue that he proposed during the campaign.
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