TechFlow news, January 16 — According to Jinshi News, LMAX Group strategist Joel Kruger said in a report that Bitcoin's volatile movement this week signals an unstable start for cryptocurrencies in 2025, primarily influenced by traditional market sentiment. Correlation between crypto assets and U.S. equities has notably increased. Reduced market expectations for Fed rate cuts have led to higher U.S. Treasury yields and a stronger dollar, dampening risk appetite.
Kruger emphasized, "While there is much to be said for Bitcoin rebounding during safe-haven trades, the market trading Bitcoin as a risk asset remains active—and when equities sell off, Bitcoin may fall too."
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