Bitcoin price is trying to protect $90 thousand and the new week started with chaos. It will be a difficult period for altcoins. Cryptocurrency investors are trying to convince themselves that fear and panic remain in 2025, but January hosted many major developments in its first 12 days. US markets opened lower and BTC may lose $90 thousand.
US Markets
Concerns about the independence of the Federal Reserve US markets negatively affected. The US dollar and treasury bonds started the new week weakly. Powell’s statement that he was threatened represents the final stage of Trump’s attacks on the Fed’s independence. Speculations that Japanese Prime Minister Sanae Takaichi will call for early elections also negatively affect global markets.
Although US stock markets started the week with a decline, we will see major banks and asset managers announce their earnings reports in the coming days. Earnings reports could support the stock market if debate around the Fed’s independence doesn’t grow.
At 8:30 p.m., the Fed’s Bostic will participate in a Q&A with Intercontinental Exchange CEO and New York Stock Exchange President Jeffrey Sprecher. The Fed’s Barkin will speak at an event hosted by the NC Chamber and the North Carolina Bankers Association at 8:45 p.m. Trump will attend the signing ceremony at 23:30 and may make statements here. Afterwards, the US president will meet with the CEO of the Tunnel to Towers Foundation.
Cryptocurrencies Latest Status
Bitcoin faced constant rejections from the support line of the bear flag that broke in December and failed to see any closes above it. It is negative that after the reversal of the general trend, it continues to show weakness in a narrower range. Moreover, while the Supreme Court tariff decision this week will put pressure on the markets, discussions about the independence of the Fed have also flared up.
In the short term Bitcoin And altcoins The outlook for is not positive. The short-term nature of the MSCI decision, the upcoming court decision, and last week’s employment data being against interest rate cuts are negative. Cryptocurrency investors may see sudden declines if inflation data coming this week is above expectations.
ETH is about to lose $3,100 again and XRP Coin has fallen below the $2.08 support, warning that weakness in major altcoins could lead to deeper bottoms.
