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Report: Bitcoin is entering a critical moment in the market, continuing to show signs of upward momentum

2025-01-21 23:40

Odaily Planet Daily News: 10x Research stated in its market analysis that gold and Bitcoin are entering a critical moment in the market. As gold rebounds to near historical highs, Bitcoin continues to show signs of upward momentum, with macroeconomic factors such as easing inflation concerns, lower than expected tariffs, and dovish comments from the Federal Reserve driving optimism. In late October last year, a week before Trump's election, gold prices stopped rising and entered a consolidation phase. This is attributed to the potential inflationary pressure brought about by Trump's immigration and tariff policies, as well as his commitment to replenish strategic oil reserves. Economists predict that all of these may push up inflation expectations. The current tariff policy announced by Trump is more moderate than expected, and Federal Reserve Governor Waller adopted a dovish tone last week, with solid macroeconomic reasons supporting gold's rebound to historical highs and the continued rise of Bitcoin. These factors, combined with last week's CPI data, are key considerations that make us more optimistic about the current market outlook.

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