Analyst: The continued strength of the US dollar may put pressure on Bitcoin in the coming months

2025-01-02 12:39:14

BlockBeats news, on January 2nd, CoinDesk analyst James Van Straten wrote that due to Trump's policies and the expected Intrerest Rate stance of the Federal Reserve, the sustained strength of the US dollar may exert pressure on Bitcoin in the coming months. Dragosch stated, 'Trump has indicated that he will impose tariffs on major trading partners, which may exacerbate global geopolitical uncertainty and further drive demand for the US dollar, as the dollar is seen as a safe haven during turbulent times. In addition, the Federal Reserve has signaled to the market that they will only cut interest rates twice in 2025—far below previous expectations. Therefore, the dollar is appreciating, and the yield continues to rise. I think this is also one of the current factors putting pressure on Bitcoin. The macroeconomy is now facing headwinds.'

BTC1.74%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes