January 30th Bitfinex alpha | DeepSeek – Will new threats to the stock market affect the price of Bitcoin?
With Bitfinex Alpha
Bitcoin reached a new record (ATH) of $109,590 on January 20th. Expectations for initiatives such as strategic Bitcoin reserves and clarification of regulations have driven purchasing activities into speculation. However, Bitcoin is concerned about increasing competition from China in the AI field and the threat of increasing tariffs from the new government, so it will remain on record high, with a record high of 108,100 It is currently struggling to maintain a decline of less than $100,000,000 below the US dollar.
The correlation between Bitcoin and the S&P 500 and Nasdaq highlights this year’s emphasis on the development of Bitcoin as a major risk asset. However, while the S&P 500 rose to a new level last week, Bitcoin still easily affected by news, liquidity and speculation.
30-day Pearson correlation coefficients between Bitcoin, S&P 500, and Nasdaq.
Like other stock markets, BTC responded cautiously after Japanese banks raised interest rates last week, increasing fears over China’s potential to produce cheap AI models via Deepsek on January 27th Then it fell sharply. The tax threat is the impulse towards Colombia. The underground volatility of Bitcoin options has declined by 13% throughout the week, indicating that traders are not expecting strong price fluctuations.
In terms of macroeconomics, labor market conditions remain stable, but the number of unemployment benefits applications has increased slightly, with the number of applications continuing to reach its highest level in over three years. Meanwhile, consumer psychology declined after six months of continuous improvement. Concerns about unemployment and inflation are rising, and are weighing household beliefs influenced by high import tariff expectations and changes stipulated under the President. Inflation expectations are rising, reflecting broader concerns about the impact of the new policy on prices.
Purchase Management Index (PMI)
Spares for S&P Global in the US.
Economic activity is slowing down while growing. S&P Global’s PMI Flash shows growth in slowing services, even if manufacturing witnesses its first expansion in a few months. Inflationary pressure remains the focus of corporate attention and uncertainty in trade and immigration policies.
The cryptocurrency industry has witnessed significant developments, including an increase in ETF records for Litecoin, XRP and Solana. At the same time, the U.S. House Supervisory Committee launched an investigation into allegations of fair banking actions targeting linked organizations as cryptocurrencies. But on another side, Fintrac has issued a warning about the role that Cryptocurrencies appears to be being paid in money laundering activities. In this case, it’s money raised from the sale of synthetic opioids. Agents are asking financial institutions to take stronger anti-money laundering measures.
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