ChainCatcher news, the cryptocurrency market research firm Santiment posted on the X platform, noting that since Trump was elected as the 47th President of the United States two months ago, the correlation between cryptocurrencies and stocks has remained at a high level. However, today we observe that Bitcoin is showing a soaring trend relative to the S&P 500 index (based on its usual volatility range).For most of the past three years, the image of cryptocurrencies in the minds of most community members has gradually shifted to "high-leverage tech stocks." However, signs from early 2025 indicate that Bitcoin may be gradually detaching from the conventional volatility trajectory of the global stock market.Historically, the cryptocurrency market tends to thrive and experience the most significant bull markets during periods of low or no correlation with the stock market. If Bitcoin and other cryptocurrencies can achieve strong growth in January without relying on the S&P 500 index, it would be a strong signal, indicating a significantly increased possibility of reaching new all-time highs.

ChainCatcher news, Trump publicly supports the Bitcoin reserve plan, pushing the U.S. government to accumulate Bitcoin as a strategic asset. The plan has received support from political figures including Porter and Lummis, and has sparked bipartisan interest. Trump's endorsement gives political momentum to this previously marginalized concept, marking a watershed moment in the cryptocurrency market.California Democratic Congressman and Wyoming Republican Senator propose to include Bitcoin in the U.S. reserve assets, partially relying on America's gold reserves. However, critics argue that this could reinforce the U.S. financial dominance and pose a challenge to the decentralized nature of Bitcoin. Nevertheless, supporters believe this initiative helps address the debt crisis and promotes global financial innovation.

ChainCatcher news indicates that, thanks to Trump's re-election as president and the growing demand for U.S. digital asset funds and derivative contracts, the focus of the cryptocurrency market has returned to the United States.Data from Kaiko shows that the proportion of daily Bitcoin trading in U.S. dollars during U.S. hours has risen from 40% in 2021 to about 53%. The data also indicates that the cryptocurrency market depth—its ability to absorb relatively large orders without causing excessive price impact—has returned to pre-FTX crisis levels, closing most of the "Alameda Gap."CF Benchmarks product manager Thomas Erdösi noted that the increasing participation of institutions has shifted the "liquidity dominance" to the United States.

ChainCatcher news, according to Coindesk, the cryptocurrency market often experiences cyclical changes, with Bitcoin leading the rise first, followed by altcoins. Investors seek additional returns with newly gained market profits, leading to capital flowing into altcoins, which triggers a sharp rebound in a short period.Currently, Bitcoin is experiencing one of its worst Decembers to date, making the seasonal bull market period look bleak, having fallen 2% in the past 30 days. Due to profit-taking and cautious sentiment after weeks of price volatility, hopes for a "Christmas rally" (the phenomenon of assets tending to rise during the Christmas week) may have been dashed.Some warn that as the Federal Reserve hints at reducing the number of rate cuts next year and emphasizes that it is not seeking a national Bitcoin reserve, Bitcoin may face further declines.

ChainCatcher news, according to News.bitcoin, the cryptocurrency market has been as unpredictable as a U.S. government shutdown in recent days. There are reports that the U.S. government is about to close due to stalled spending negotiations, a situation that historically affects the market in various ways. Due to the disillusionment of market participants' short-term expectations, Arthur Hayes believes that the cryptocurrency market will experience a "dismal drop" around Trump's inauguration day. However, the crypto community is holding its breath, as Trump's inauguration may trigger a legendary "God Candle" movement (Note: "God Candle" refers to a significant price increase within a single day, overshadowing the surrounding activity on the price chart), which means the current market slump is just a temporary calm, a bear market phase in a larger bull market cycle. If the U.S. resolves the 2025 budget issue and Trump implements several Bitcoin-focused strategies to encourage the market, Bitcoin could see a massive recovery.Of course, the immediate price trend of Bitcoin remains unclear. Whether Trump's inauguration as U.S. President will bring the anticipated cryptocurrency market boom is still uncertain.

ChainCatcher news, according to Bloomberg, Bitcoin has retreated after reaching an all-time high, and some traders are seeking to hedge against deeper pullback risks. The funding rate is a key indicator of leverage in the cryptocurrency market and is currently approaching historical highs.This data indicates that traders are willing to pay a high premium to increase the leverage of their long positions, and perpetual contracts are one of the most commonly used products for investors to double down on the directional movement of Bitcoin prices. As past bull markets have shown, elevated funding rates may foreshadow a pullback.Nathanaël Cohen, co-founder of the digital asset hedge fund INDIGO Fund, stated that the funding rate is a good way to gauge how overheated the market is, but it can also be very dangerous, as it may remain elevated for longer than expected.

ChainCatcher news, Coinmarketcap data shows that the Altcoin Season Index is currently at 89, up 3 points from the previous day, setting a new high for the year. This index indicates that in the past 90 days, about 89 out of the top 100 cryptocurrencies by market capitalization have outperformed Bitcoin.It is reported that the CMC Cryptocurrency Altcoin Season Index is a real-time indicator used to determine whether the current cryptocurrency market is in a season dominated by altcoins. This index is based on the performance of the top 100 altcoins relative to Bitcoin over the past 90 days.

ChainCatcher news, cryptocurrency exchange Coinbase has withdrawn its pre-application to enter the Turkish cryptocurrency market, and the reason for the withdrawal is still unclear. Turkey's financial regulators have updated the list of companies applying for clearance, confirming that Coinbase has withdrawn its application. Bitfinex, Bitbns, Bitlo, OKX, and Rain Software are still seeking opportunities in Turkey by providing custodial services through their applications.