Viewpoint: Under the pessimistic expectations of the FOMC, cryptocurrencies enter a safe-haven mode

2025-01-27 19:56:24

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ChainCatcher news, according to The Block, due to increased bearish sentiment and rising macroeconomic uncertainty ahead of Wednesday's FOMC meeting, Bitcoin has fallen below $100,000. Meanwhile, breakthroughs in China's DeepSeek artificial intelligence technology have disrupted the tech market, triggering safe-haven behavior and stimulating demand for safe-haven assets.

The cryptocurrency market entered risk-off mode as it opened this week, with Bitcoin falling below the $100,000 mark for the first time since January 16. Ahead of Thursday's Federal Open Market Committee meeting, macroeconomic unease has been escalating. Wincent's Senior Director Paul Howard stated, "The market sell-off is driven by news of the DeepSeek AI model, and some predict that market prices may even decline further in the coming weeks, especially if macro data indicates rising interest rates."

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