Analyst: Dollar Continues to Strengthen, May Put Pressure on Bitcoin in the Coming Months

BlockBeats News, January 2nd, CoinDesk analyst James Van Straten wrote that due to Trump's policies and the Federal Reserve's expected rate stance, the continued strength of the US dollar may put pressure on Bitcoin in the coming months. Dragosch stated, "Trump has indicated that he will impose tariffs on major trading partners, which may exacerbate global geopolitical uncertainty, further driving demand for the US dollar as a safe haven during turmoil. In addition, the Federal Reserve has signaled to the market that they will only cut rates twice in 2025—far below previous expectations. Therefore, the dollar is appreciating, and yields are continuously rising. I believe this is also one of the current factors putting pressure on Bitcoin. The macro economy is now a headwind."