Hashtag
Men's Weekly

Wooden Snake and crypto market prospects from global broker Octa

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 29 January 2025 - This week, China and the world are celebrating the arrival of the Year of the Wood Snake.

According to Chinese tradition, the snake represents intelligence and transformation, often symbolizing mystery and wisdom. Wood adds the qualities of growth and flexibility. An analysis provided by global broker Octa highlights how these attributes align with current trends in the cryptocurrency market. Perfect timing! Today, these qualities are more relevant than ever to the cryptocurrency market.

Octa

In 2025, popular cryptocurrencies show different dynamics: Bitcoin is up 8%, Ethereum is down 6% as of 27 January 2025, despite uncertain regulatory developments. U.S. President Donald Trump signed an executive order significantly revamping the national cryptocurrency policy. The order established a dedicated cryptocurrency working group to propose new regulations, safeguarded banking services for crypto companies, and prohibited the creation of a competing U.S. central bank digital currency. Additionally, it repealed burdensome accounting guidelines that had previously stifled digital asset adoption—a notable victory for the crypto industry. However, some investors remain sceptical, showing limited enthusiasm despite these advancements. The cryptocurrency market is seeing a sharp decline on Monday, 27 January, with Bitcoin dropping below $100,000 to an 11-day low. This downturn is largely driven by a significant selloff in the technology sector, which has sparked a broader risk-off sentiment among investors. As cryptocurrencies are often considered high-risk assets, this shift in market mood has weighed heavily on their performance.

Additionally, caution surrounding the Federal Reserve's upcoming meeting is adding to the pressure. Investors anxiously await decisions on interest rates, with concerns that the Fed may keep rates elevated for a prolonged period. This uncertainty about monetary policy has heightened market unease, further contributing to the decline in cryptocurrency valuations.
ETHUSD, 1-week timeframe chart
ETHUSD, 1-week timeframe chart

Therefore, the snake pattern and consolidation of ETHUSD that has formed in recent months may be replaced by a sharp move, after the adoption of new regulations or clear signals on the Fed Funds rate.

Hashtag: #Octa

The issuer is solely responsible for the content of this announcement.

Octa

is an international CFD broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

In the APAC region, Octa received the 'Best Trading Platform Malaysia 2024' and the 'Most Reliable Broker Asia 2023' awards from Brands and Business Magazine.

Business News

The Benefits of Installing Rainwater Tanks Melbourne

With unpredictable weather patterns, rising water bills, and a strong community focus on eco-friendly living, households and businesses are increasingly turning to Rainwater Tanks Melbourne for thei...

Hashtag.net.au - avatar Hashtag.net.au

How a Shopify Web Developer Powers Growth and Innovation in eCommerce

While Shopify provides all the essentials, many businesses realise that true success requires customisation, optimisation, and advanced features tailored to their unique needs. This is where a skill...

Hashtag.net.au - avatar Hashtag.net.au

Why IT Consultant Expertise and IT Procurement Services Are Vital for Modern Businesses

Technology is the engine driving business growth in today’s digital world. From cloud computing and cybersecurity to software integration and hardware upgrades, organizations rely on technology to s...

Hashtag.net.au - avatar Hashtag.net.au

Party Venues Adelaide: Finding the Perfect Space for Every Celebration

Whether it’s a milestone birthday, engagement, wedding, corporate function, or casual get-together, the success of any celebration often depends on the venue. Adelaide, with its vibrant culture and ...

Hashtag.net.au - avatar Hashtag.net.au

The Future of the Pizza Box: Sustainability and Eco-Friendly Innovations

The pizza box may seem like a simple piece of packaging, but it plays a central role in one of the world’s favorite foods. Millions of pizzas are delivered every day, and with them come millions of ...

Hashtag.net.au - avatar Hashtag.net.au

The Ultimate Guide to Choosing the Right IT Consulting Partner in 2025

In today's fast-paced business environment, technology is no longer just a support function; it's a strategic enabler. For many businesses in Perth, navigating the complexities of IT can be a daunti...

Hashtag.net.au - avatar Hashtag.net.au

Health & Wellness

Sleep Dentistry for Anxiety: How Modern Treatment Helps Patients Relax

Hashtag.net.au - avatar Hashtag.net.au

For many people, dental anxiety isn’t just a minor worry — it’s a barrier that keeps them from getting the care they need. The sound of drills, the sterile scent, or even a simple check-up can cause h...

How to Choose the Right Earplugs for Sleeping: A Comprehensive Guide

Hashtag.net.au - avatar Hashtag.net.au

Getting a restful night's sleep is essential for overall health and well-being. For many, external noises—be it a snoring partner, traffic, or noisy neighbors—can disrupt sleep patterns. One effective...

How Teen Depression Differs from Normal Adolescent Mood Swings

Hashtag.net.au - avatar Hashtag.net.au

Adolescence is often described as a turbulent period of life. Hormonal changes, social pressures, academic stress, and the search for identity all combine to make the teenage years emotionally inten...