What to know

You are viewing an update on the crypto markets, highlighting significant developments and expectations for January 6, 2025. This update serves as a replacement for the previous daily newsletter, consolidating insights into a cohesive morning briefing.

Market Overview

The conditions leading into 2025 reflect a similar momentum seen in previous months. Bitcoin has experienced an 8% recovery since late December, suggesting that core market driving forces remain intact. According to JPMorgan, the enthusiasm surrounding both Bitcoin and gold continues, driven by factors contributing to their market dominance.

"The debasement trade is here to stay, with both gold and Bitcoin becoming increasingly crucial components of investors' portfolios." — JPMorgan

This phrase encapsulates the reasons behind Bitcoin's impressive performance above $100,000 and gold surpassing $2,600 amid economic uncertainties.

Upcoming Economic Data

Expectations regarding the Fed's interest rates are central to short-term market sentiments. The results from the upcoming nonfarm payrolls report will be vital in steering market expectations moving forward.

Market Events to Watch:

• January 6: Uniswap’s layer-2 blockchain, Unichain, transitions to mainnet.
• January 7: Announcement of Dusk's mainnet launch.

Notable Highlights

• MicroStrategy is drawing attention with its plans to bolster Bitcoin holdings significantly.
• Anticipation surges among traders for a potential Bitcoin price rally following President Trump's inauguration.

Stay engaged as new developments unfold, influencing the market landscape.