Crypto Daybook Americas: Prelude to 2025 Resonates
A comprehensive overview of the crypto market trends and key upcoming events as of January 6, 2025.
Key Highlights:
You are reading the Crypto Daybook Americas, your essential morning report detailing overnight movements in the crypto markets and expectations for the day ahead. In the upcoming weeks, this daily briefing will supersede the First Mover Americas newsletter, arriving in your inbox around 7 a.m. ET, providing detailed insights you wouldn’t want to miss.
Last year's debasement trade that propelled Bitcoin above $100,000 and gold surpassed $2,600 is holding firm as geopolitical uncertainty and inflation continue to loom. As stated by JPMorgan, "The debasement trade is here to stay, with both gold and Bitcoin becoming increasingly important components of investors' portfolios."
Also noteworthy is the buzz surrounding BTC-holder MicroStrategy amidst broker exposure adjustments and elevated margin requirements, potentially signaling market volatility.
Upcoming Events to Watch:
- Crypto Events:
- Jan. 6: Launch of Uniswap’s layer-2 blockchain, Unichain, to mainnet.
- Jan. 6: Binance to delist DAR (due to rebranding).
- Jan. 7: Dusk (DUSK) mainnet launch.
- Macroeconomic Report:
- Jan. 6: Fed Governor Lisa D. Cook's speech covering Economic Outlook in Michigan.
Market Movements:
- Bitcoin (BTC): Up 0.78%, currently at $99,034.53.
- Ethereum (ETH): Up 0.97%, priced at $3,647.09.
Stay informed as the crypto landscape continues to evolve with rapid changes and developments!