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Analysis: The volatility index of the U.S. Treasury bond market has rebounded from a low, while risk assets such as Bitcoin may continue to face pressure

ChainCatcher news, according to CoinDesk, the MOVE index (Merrill Option Volatility Expectation) for U.S. Treasury market volatility has continued to rise since hitting a low of 82 points in mid-December, reaching 102.78 points on January 8. As the world's second-largest financial market, increased volatility in the Treasury market often signals a tightening financial environment, which may trigger risk aversion across various financial markets.Latest data shows that manufacturing performance has exceeded expectations, suggesting strong economic resilience and persistent inflationary pressures, driving U.S. Treasury yields higher across the board. Among them, the 30-year Treasury yield rose to 4.92% (the highest since November 23), while the 10-year yield climbed to 4.68% (the highest level since May).Since Trump won the election on November 5, the MOVE index had significantly dropped, leading to a broad rally in risk assets. However, this upward momentum began to weaken when the MOVE index hit its low in mid-December. On January 8, Bitcoin fell 5% to $96,900, and the S&P 500 dropped over 1%. Analysts point out that the bond market is currently dominating broader market trends, making it difficult for risk assets to regain upward momentum before the Treasury market stabilizes.

Nexo: Bitcoin and Ethereum are expected to grow in 2025, while Solana's development trajectory remains uncertain

According to ChainCatcher news, the latest Dispatch report from Nexo discusses the recent cryptocurrency market:Bitcoin: Bitcoin reaching $100,000 may become a key support zone, with $2 billion flowing into spot ETFs at the beginning of January further solidifying this support level. Historical trends indicate that Bitcoin may rise further in January, as it has previously increased by 20-30% during this period. The report also notes that institutional investors like MicroStrategy will continue to accumulate Bitcoin.Ethereum: With the number of long-term holders continuously increasing (currently accounting for over 75% of investors) and strong inflows into spot ETFs, combined with high leverage in the futures market, there is optimism about this asset in 2025, suggesting that Ethereum is also poised for growth.Solana: At the beginning of 2025, Solana faces potential resistance due to a surge in market activity, and its development trajectory remains uncertain. Although technical indicators show bullish momentum, a sell-off may occur.Meanwhile, the broader cryptocurrency market is experiencing volatility due to the unlocking of billions of dollars in tokens this month, with daily releases of assets like Solana and Dogecoin (DOGE) expected to impact short-term price movements.The report emphasizes that some macroeconomic factors, such as U.S. labor market statistics, are significant influences on cryptocurrency demand, particularly for Bitcoin.
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