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Title: Bitfinex Alpha | Deepseek – Mới Đe Dọa Cho Thị Trường Chứng Khoán Liệu Có Ảnh Hưởng Đến Giá Bitcoin?
The recent surge in Bitcoin’s price to an all-time high of $109,590 on January 20th has sparked concerns about the potential impact of a new threat on the stock market. The sudden and unexpected rise in the cryptocurrency’s value was largely driven by the optimism surrounding Joe Biden’s inauguration and the expected changes in US policy towards cryptocurrencies.
However, this positivity was short-lived as Bitcoin struggled to maintain its upward momentum, dipping below $108,100 and now trading below $100,000 due to mounting concerns about increased competition from China in the AI sector and a looming threat of higher tariffs from the new administration. The 30-day Pearson correlation coefficient between Bitcoin, S&P 500, and NASDAQ has reached an all-time high, indicating a growing correlation with traditional markets.
The recent Bank of Japan’s interest rate hike led to a cautious response from traders, resulting in a significant decline in Bitcoin options implied volatility, down 13% over the past week. This suggests that market participants do not anticipate major price swings.
On the macroeconomic front, labor market conditions remain stable despite a slight increase in unemployment claims, with the number of applications reaching its highest level in over three years. However, consumer sentiment has taken a hit following six consecutive months of improvement, as concerns about job security and inflation grew. Expectations of higher import tariffs and regulatory changes under the new administration are weighing heavily on household confidence.
The latest S&P Global PMI (Purchasing Managers’ Index) Flash report indicates a slowdown in service sector growth, even as the manufacturing sector witnessed its first expansion in months. The pressure to control inflation remains a key focus for businesses, combined with uncertainty surrounding trade and immigration policies.
Meanwhile, the cryptocurrency industry is witnessing significant developments, including the surge in ETF filings for Litecoin, XRP, and Solana, reflecting increased interest from institutions. Notably, the US House Financial Services Committee has launched an inquiry into allegations of unfair banking practices targeting entities associated with cryptocurrencies.
On a separate note, FINTRAC has issued a warning about Bitcoin’s potential role in money laundering, particularly in cases involving opioid trafficking. The agency is urging financial institutions to implement stronger anti-money laundering measures.
As the year of the Tiger approaches, it’s essential for traders and investors to remain vigilant and adapt to these new challenges.
Source: blog.bitfinex.com
