The BlockBeats news reported on January 8th that Presto Research analyst Min Jung stated that "due to macroeconomic concerns about persistent inflation, including the sluggish performance of the market including stocks. Not only the cryptocurrency, but also the Nasdaq and S&P 500 indices fell more than 1% yesterday, mainly due to the ISM data showing that the US economy is growing faster than expected, which has raised concerns about sustained inflation and led to a surge in bond yields, with the 10-year Treasury yield reaching its highest level since April." Rachael Lucas, a cryptocurrency analyst at BTC Markets, pointed out that "the latest data on the US economy has led traders to expect the Federal Reserve to maintain higher interest rates for a longer period of time. The market was previously unsettled by Federal Reserve Chairman Powell's comments in December, which indicated the Federal Reserve's firm stance on monetary policy and weakened market hopes for further interest rate cuts, exacerbating volatility. Looking ahead, Trump's upcoming inauguration on January 20th is expected to trigger market volatility as investors anticipate a change in policy."
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Nhà phân tích: Giá BTC và ETH giảm do lo ngại về lạm phát dài hạn do dữ liệu kinh tế toàn cầu
The BlockBeats news reported on January 8th that Presto Research analyst Min Jung stated that "due to macroeconomic concerns about persistent inflation, including the sluggish performance of the market including stocks. Not only the cryptocurrency, but also the Nasdaq and S&P 500 indices fell more than 1% yesterday, mainly due to the ISM data showing that the US economy is growing faster than expected, which has raised concerns about sustained inflation and led to a surge in bond yields, with the 10-year Treasury yield reaching its highest level since April." Rachael Lucas, a cryptocurrency analyst at BTC Markets, pointed out that "the latest data on the US economy has led traders to expect the Federal Reserve to maintain higher interest rates for a longer period of time. The market was previously unsettled by Federal Reserve Chairman Powell's comments in December, which indicated the Federal Reserve's firm stance on monetary policy and weakened market hopes for further interest rate cuts, exacerbating volatility. Looking ahead, Trump's upcoming inauguration on January 20th is expected to trigger market volatility as investors anticipate a change in policy."