Analyst: Bitcoin is fluctuating below the $80,000 mark.

Cryptocurrency trends are diverging, with Bitcoin oscillating below the key $80,000 mark as investors digest the news of US President Trump nominating Kevin Wash as the next chairman of the Federal Reserve. IG market analyst Tony Sycamore pointed out in a research report that Wash's hawkish reputation has driven the US dollar significantly higher, while also lowering market expectations for loose liquidity, which is a key support for high-beta assets like cryptocurrencies. XS.com market analyst Lin Chen stated that amid increasing uncertainty in the macroeconomic environment, the market's demand for asset diversification continues to rise, potentially providing support for Bitcoin in the medium to long term. Currently, Bitcoin is up 0.4% at $76,662.54, while Ethereum is down 0.8% at $2,267.74.