The cryptocurrency market is deeply trapped in rollercoaster-like fluctuations. Bitcoin surged and then sharply dropped near the 86,000 level in the early hours, with a massive sell-off causing a continued weak trend driven by collective capital outflows. In stark contrast to the frenzy in the precious metals market, the short-term narrative of cryptocurrencies as "digital gold" has completely failed, turning into a sell-off target amid risk-averse sentiment. The Federal Reserve's interest rate meeting on January 27-28 and the rate decision early on January 29 will be key variables for breaking the market's stalemate. Coupled with regulatory uncertainties and internal structural fragility, the market is standing at a crossroads of direction!
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#黄金白银再创新高
The cryptocurrency market is deeply trapped in rollercoaster-like fluctuations. Bitcoin surged and then sharply dropped near the 86,000 level in the early hours, with a massive sell-off causing a continued weak trend driven by collective capital outflows. In stark contrast to the frenzy in the precious metals market, the short-term narrative of cryptocurrencies as "digital gold" has completely failed, turning into a sell-off target amid risk-averse sentiment. The Federal Reserve's interest rate meeting on January 27-28 and the rate decision early on January 29 will be key variables for breaking the market's stalemate. Coupled with regulatory uncertainties and internal structural fragility, the market is standing at a crossroads of direction!