What You Need to Know

You are reading Crypto Daybook Americas, a fresh morning brief on significant events in the crypto markets overnight and what to expect throughout the day. This daily update will soon replace the First Mover Americas newsletter, arriving in your inbox daily at 7 A.M. ET. Subscribe here to elevate your morning routine.

Market Update

In the past 24 hours, the crypto market was buoyed by a soft U.S. core inflation report that calmed the Federal Reserve's hawkish sentiments. However, this momentum is beginning to wane.

With inflation data behind us, traders are shifting focus towards President-elect Donald Trump's inauguration on January 20, where potential pro-crypto measures may be introduced. Predictions suggest that Bitcoin could reach new all-time highs, while significant price fluctuations are expected for XRP, SOL, ETH, and BTC.

More on Polymarket: The likelihood of the U.S. incorporating Bitcoin into its strategic reserves has hit 50% for the first time.

In statements, Scott Bessent mentioned: He aims to make the 2017 tax cuts permanent while ensuring the dollar remains the primary global reserve currency. Bessent is likely to face questions regarding dollar policy and tariffs during his confirmation hearing.

Watch List

• Crypto Events:
  • January 17: Court arguments for KalshiEX LLC v. CFTC.
  • January 23: SEC deadline for NYSE Arca's Grayscale Solana Trust.
• Macro Events:
  • January 16, 8:30 A.M.: U.S. Department of Labor releases weekly unemployment claims report.
  • January 16, 10:30 A.M.: Scott Bessent's confirmation hearing before the Senate.

Stay tuned for more developments as they unfold!