Many people seem to be full of expectations for the upcoming 2025, looking forward to Bitcoin reaching new highs in 2025, and hoping for a comprehensive altcoin season explosion in 2025... In the previous market topic articles, we talked more about some macro factors that might be beneficial for the market next year. Next, we will continue to discuss the possible macroeconomic risks for next year, after all, opportunities and risks coexist.

The pace of Federal Reserve interest rate cuts may slow down.

Regarding the expectations for the Federal Reserve's interest rate cuts next year, we have already discussed this in previous articles. In the interest rate meeting that concluded last week (December 19, Beijing time), the Federal Reserve announced a reduction of the federal funds rate target range by 25 basis points to between 4.25% and 4.50%, and it is expected that the rate cut in 2025 may narrow to 50 basis points.

This news has directly led to a rapid decline in the market (including U.S. stock markets and the cryptocurrency market). Given the current situation, more and more people have regarded the Federal Reserve's interest rate cut expectations as one of the important measuring factors for market trends, and the Fed slowing down the pace of interest rate cuts is certainly not good news for the market.