Crypto Outlook for the Americas: New Beginnings for 2025
A comprehensive overview of what to expect for the cryptocurrency market on January 6, 2025.
Key Observations
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Market Overview
The anticipation for 2025 displays a familiar trend, highlighted by Bitcoin's 8% recovery since December. Notably, JPMorgan emphasizes that the market dynamics driving both Bitcoin and gold to unprecedented heights last year remain influential.
"The debasement trade is here to stay, with both gold and Bitcoin emerging as vital parts of investors' portfolios."
The debasement trade refers to the tactic of acquiring assets that safeguard against the devaluation of fiat currencies and government bonds caused by inflation and other economic policy shifts.
Recent reports indicate Bitcoin nearing the $100,000 mark again, aided by increased geopolitical uncertainty and inflation fears. This has led to substantial net inflows of $78 billion into digital assets, according to JPMorgan.
Important Notes:
- Anticipated payroll figures are set for release this Friday, expected to add 154,000 jobs for December.
- Significant fluctuations in BTC-holder MicroStrategy's trading activities have captured attention, along with worries over rising margin requirements.
- Analyst Ben Lilly suggests that Ether's value may be hindered by numerous coins frozen in the DeFi protocol Ethena.
Upcoming Events to Monitor
- Crypto: Uniswap’s layer-2 initiative, Unichain, transitions to mainnet on January 6.
- Macro: Fed Governor Lisa D. Cook will attend a conference discussing economic outlook on January 6.
Additional Scenarios
Recent movements indicate that several large-cap cryptocurrencies are gaining traction. However, the overall volume remains subdued, leading to questions regarding the sustainability of these upward shifts.
For more on the latest market happenings, follow this link.
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