ChainCatcher news, according to The Block, Standard Chartered's Head of Digital Assets Research Geoff Kendrick stated that the recent decline in Bitcoin's price is primarily influenced by the pressure from broader risk assets, rather than issues within the cryptocurrency itself. "From a volatility-adjusted basis, Bitcoin's performance is highly correlated with the 'seven tech stocks plus Bitcoin' portfolio," Kendrick noted in an email on Tuesday, "Tesla performed the worst, while Meta and Apple performed the best, with the rest being similar to Bitcoin."Kendrick believes that Bitcoin's rebound will depend on two main catalysts: a recovery in risk assets overall or Bitcoin-specific positive news (such as sovereign purchases). He pointed out that clearer tariff policies or a rapid rate cut by the Federal Reserve would help boost the market, "the probability of a rate cut in the May meeting rising from the current 50% to 75% could trigger a rebound." Although Bitcoin may quickly test the $69,000 support level if it falls below $76,500 in the short term, he still maintains a target forecast of $200,000 by the end of 2025.Next week's Federal Reserve interest rate decision will be a significant test for Bitcoin. Rohit Jain, Managing Director of CoinDCX Ventures, stated that if the Federal Reserve maintains the current interest rates as expected, it could lead to Bitcoin testing the $70,000 support level.

ChainCatcher news, Matrixport's latest report analysis believes that the White House crypto summit and the confirmation of the U.S. strategic Bitcoin reserves failed to ignite market sentiment, and the crypto market did not show a significant increase, with perpetual contract funding rates still hovering at single-digit levels.This indicates that retail investors' enthusiasm remains low, in stark contrast to April and December 2024, when funding rates soared to double-digit highs.Even the market momentum brought by Trump's official inauguration is relatively subdued, clearly indicating that Bitcoin needs more influential catalysts to usher in a new round of increases.

ChainCatcher news, according to IBTimes, the founder of game studio Dizzaract, Ilman Shazhaev, stated in an interview that DeepSeek's low-cost AI development approach is "encouraging" and could become an important catalyst for blockchain development. He pointed out, "If high-performance AI models can be obtained at low cost, more decentralized systems will be able to utilize them at various levels."Shazhaev believes that DeepSeek's open weight design and two-stage reinforcement learning training method signify a true shift in AI development philosophy. He predicts that this model will have a significant impact on blockchain gaming, particularly in promoting smarter in-game economies.Although OpenAI CEO Sam Altman has accused DeepSeek of secretly using data from American AI giants to train its AI assistant, Shazhaev believes that a shift is occurring, especially among developers in the field of cryptocurrency and AI integration. He stated that budget constraints have always been a barrier in blockchain development, making models like the DeepSeek chatbot an attractive option.The AI model launched by DeepSeek in January of this year caused a stir in the tech industry, leading to a decline in related tech stocks and AI token prices. U.S. President Trump subsequently issued a statement calling for American tech companies to "wake up" and learn from this AI technology that does not require billions of dollars in development costs.

ChainCatcher news, according to Jinshi reports, Nic Puckrin, the founder of The Coin Bureau, stated that current investor sentiment may have dropped to levels similar to or lower than those during the FTX collapse, with new meme coins and celebrity hype emerging daily.Puckrin added that the profits from these trades rarely flow back into the crypto space. "These funds are not being used to develop innovative products that help solve real-world problems, which is exactly what we all believe crypto and blockchain can do." He estimates that $6 billion in crypto liquidity has already been lost from the ecosystem due to meme coins.Meme coin trader Vic Laranja stated that meme coins are no longer about community, fairness, or opposing venture capitalists, but have evolved into an industrial complex aimed at extracting as much value as quickly as possible, which was not their original intent. Laranja mentioned that clear rules would be a catalyst for pushing the crypto space to the next level. Before that, he believes sentiment has already reached a trough.

ChainCatcher news, crypto analyst Miles Deutscher pointed out that since the election frenzy, the inflow of funds into Bitcoin and Ethereum ETFs has noticeably slowed down. As the market is forward-looking, most ETF buyers have already positioned themselves for the potential benefits that a Trump presidency could bring. With this demand being pre-absorbed, the market is now waiting for the next catalyst that could drive prices up.

ChainCatcher news, QCP released a daily report stating that despite the recent escalation of international trade tensions, traditional financial markets remain stable and show no signs of panic. Credit yields are at a cyclical low, and the VIX index is stable around 16, indicating that the market is prepared for negative news.Federal Reserve Chairman Powell's testimony reinforced a "wait-and-see" attitude, suggesting that the pace of interest rate cuts may slow down, but the Dollar Index (DXY) failed to rise. CFTC data shows a large number of long positions in the dollar, and interest rate differentials indicate that the dollar is overvalued, increasing downside risks. Tonight's CPI data could act as a catalyst for a decline in the dollar, pushing up the prices of risk assets.However, Bitcoin has underperformed compared to stocks and gold, with thin liquidity in the cryptocurrency market leading to significant losses for traders due to large-scale liquidations last week. It is recommended that investors holding long positions in cryptocurrencies follow institutional fund flows and purchase downside protection, especially when put options remain relatively cheap.

ChainCatcher news, LayerZero announced its first round of strategic investment in Plume Network through the lzCatalyst program. Plume Network is a full-stack L1 RWA chain and an ecosystem built specifically for real-world asset finance (RWAfi). This round of financing (Series A) is led by LayerZero in conjunction with Lightspeed Faction and Animoca Ventures, aiming to accelerate its core mission of bringing real-world assets on-chain; the lzCatalyst program is designed to empower LayerZero ecosystem projects, dedicated to connecting top blockchain developers with leading crypto venture capital firms.Plume is leveraging LayerZero technology to build fully interoperable applications, and its yield protocol SkyLink achieves seamless and secure distribution of RWA yields across multi-chain ecosystems by integrating LayerZero's lzRead. By creating mirrored YieldTokens, SkyLink allows investors to access and manage institutional-grade yields on any blockchain without permission. The Plume ecosystem already includes over 180 development projects. As a full-stack L1 RWA chain, it provides a composable EVM-compatible environment that supports the tokenization and management of diverse real-world assets. The network simplifies the asset onboarding process and enables seamless DeFi integration through an end-to-end tokenization engine and a network of financial infrastructure partners.

ChainCatcher news, Three Arrows Capital founder ZhuSu posted on social media, "The current market cycle has significant differences from 2020-2021: the Bitcoin funds flowing into ETFs and investment tools like MicroStrategy will not rotate into Ethereum, let alone other tokens. Unlike the previous market environment where Bitcoin, Ethereum, Solana, and other coins frequently rotated, other coins currently need substantial catalysts to drive movement.Without major events like Michael Saylor switching to other coins, simply claiming superiority over Bitcoin is no longer enough to attract Bitcoin holders to shift their investments. Existing holders must have faith in the project, and the underlying protocol must be able to perform its intended function."

ChainCatcher news, according to CoinDesk, analyst Omkar Godbole stated that the defensive positioning in the stock market may stem from concerns that President-elect Trump's inauguration on January 20 could become a "buy the rumor, sell the news" event. Over the past two months, risk appetite in the financial markets has increased, with the market anticipating that the incoming Trump administration will implement reforms favorable to businesses and the economy, but the possibility of profit-taking cannot be ignored.Trump will be inaugurated on January 20, and there is widespread expectation that this move will drive changes in cryptocurrency regulation, and may even establish strategic Bitcoin reserves in the coming months, both of which could support the next round of market trends. QCP Capital shares a similar view and suggests that traders should wait for new U.S. economic data on Friday before making further positioning.

ChainCatcher news, QCP Capital's latest analysis points out that Bitcoin recently faced $1.5 billion in long liquidations, with the price plummeting by 3,000 points before rebounding at the critical support level of $95,000, currently consolidating in the $97,000-$98,000 range. This round of correction has also affected many altcoins.In terms of institutional entry, Bitcoin and Ethereum spot ETFs recorded net inflows for 8 and 11 consecutive days, respectively. Mining company Riot Platforms announced it would follow MicroStrategy's strategy, planning to issue $500 million in zero-coupon convertible bonds to purchase Bitcoin, a plan that has already garnered strong market demand. Notably, Microsoft shareholders will vote today on incorporating Bitcoin into the balance sheet. Although the board recommends against it, approval could lead to an unexpected surge. Meanwhile, reports indicate that Amazon shareholders are also pushing for Bitcoin to be used as a reserve asset.QCP points out that with the political situation stabilizing in France and South Korea, and China's commitment to launching economic stimulus policies, macro market volatility has eased. Bitcoin and Ethereum's short-term volatility remains high and leans towards put options. Analysts believe that a breakthrough of the $100,000 threshold for Bitcoin still requires key catalysts.

ChainCatcher news, QCP released its daily outlook stating that Bitcoin briefly touched $98,000 during the Thanksgiving holiday, driven by Michael Saylor showcasing his Bitcoin investment strategy to Microsoft. Microsoft's shareholders are set to vote on December 10 whether to include Bitcoin on its balance sheet.Major Microsoft shareholders, such as Vanguard, BlackRock, and Fidelity, have gained exposure to cryptocurrencies by investing in MSTR, Coinbase, and other crypto companies. One might argue that they already have sufficient exposure. However, if the proposal passes, it would not only benefit Bitcoin but also positively impact their other investments.While waiting for Microsoft's decision next week, U.S. employment and labor data will again be in the spotlight this week. ISM manufacturing data and PMI data are scheduled for release on Monday and Wednesday, respectively. However, the focus of the week will be on Friday's non-farm payroll data. The market will closely monitor this week's reports to better gauge inflation trends, especially ahead of the interest rate decision on December 17-18.

ChainCatcher news, Bitget Research Institute stated that in the short term, Polymarket shows that the market believes the probability of Trump winning exceeds 90%, which is a significant deviation from the then poll results. Trump secured the crucial votes in Georgia, further increasing his winning probability, leading to a panic entry of cautious funds, pushing the BTC price to new highs. Bitget Research Institute reminds that attention should be paid to the risk of a pullback due to short-term profit-taking after the election.In the medium to long term, Trump's election is favorable for BTC, but his policy direction may push up inflation levels in the United States, and the medium to long-term U.S. interest rates may remain above 3.5%. The Republican Party may sweep Congress this time, which could promote a regulatory framework favorable to the crypto market, benefiting the crypto market in the medium to long term.Additionally, Bitget Research Institute pointed out that in the derivatives market, the IV of the options market has risen, and the open interest in the contract market has increased by 900 million USD in the short term, indicating that traders are betting on future volatility. Furthermore, after the market capitalization of stablecoins broke a new high, it has been fluctuating around 160 billion USD, providing significant leverage space for the market, and BTC may reach the level of 100,000 USD within 5 months.