K33 Research: Bitcoin is not affected by the stock market decline, and global markets digest the Fed’s 2025 interest rate cut expectations
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2025-01-01 08:32 1,026
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Golden Finance reported that K33 Research reported that despite the decline in stock markets caused by global de-risking, Bitcoin still edged higher in the past day, and its 30-day Nasdaq correlation has climbed above 0.50. Analysts said the December FOMC meeting was seen as the main catalyst for the decline in risk assets, with the Fed lowering its forecast for the number of interest rate cuts in 2025 from four to two.
Analysts said that despite the decline in global stock indexes, Bitcoin will continue to grow as markets process the December 18 Federal Open Market Committee (FOMC) meeting, in which Federal Reserve Chairman Jerome Powell indicated that the pace of monetary easing will slow in 2025. Coin is still guaranteed