Multiple factors resonate, causing setbacks in the cryptocurrency market

1. Federal Reserve policy: The probability of maintaining the current interest rate remains high in January, coupled with changes in the succession of the Federal Reserve Chairman.

2. Foreign central bank direction: The Bank of Japan may start raising interest rates on Friday, further withdrawing market liquidity due to the closure of yen carry trades.

3. Changes in market expectations: Market expectations for interest rate cuts continue to cool.

4. Sector and corporate level: Profits in the AI sector have been consolidated, and the performance outlook for tech giants is below expectations.

5. Macroeconomic environment: There is still uncertainty in the trend of the macro economy.