BTC pulls back as US stocks open

BTC is currently pulling back to $95,600 as US stocks open with market liquidity still low, MSTR, SMLR, and MARA are all down pre-market. Market sentiment is low and is expected to continue until the end of New Year's Day, but the general trend has not changed and Q1 2025 is something to look forward to. Nonetheless, the market is optimistic about cryptocurrency legislation in 2025, with the US Congress expected to prioritise key issues such as stablecoin and the FIT21 Act. Trump has repeatedly pledged support for cryptocurrencies since his election as president, and 2025 is expected to be the most supportive term for the crypto industry to date. Furthermore, corporations using their equity to follow MicroStrategy's lead and add Bitcoin to their balance sheets could become a major trend in 2025. However, there are some risks to the market, such as the U.S. debt problem and the Federal Reserve's monetary policy. The expectation of the number of Fed rate cuts in 2025 has been digested, but long-term interest rates rising too fast could hit the market. Overall, the cryptocurrency market in 2025 is full of opportunities and challenges, and investors need to remain cautious and keep a close eye on the market dynamics.