Overview

You are viewing the Crypto Daybook, your morning briefing on the latest in cryptocurrency markets. Today’s report highlights significant movements, particularly in Bitcoin’s price, which has experienced intense fluctuations.

Bitcoin Market Activity

The last 24 hours have shown extreme volatility in the cryptocurrency market, especially Bitcoin (BTC) which fluctuated by 2–3% several times in a short span. Currently, it remains above the crucial $100,000 threshold, trading around $105,000.

Market Influences

President Trump’s comments continue to pressure the dollar, benefiting riskier assets like cryptocurrencies. The DXY index, reflecting U.S. dollar performance against a basket of currencies, has reached a low not seen since mid-December, positively impacting risk asset sentiments. Concurrently, U.S. bond yields and crude oil prices are down, with oil below $75 per barrel.

Across the globe, the Bank of Japan has enacted a notable interest-rate increase to 0.50%, the highest in over 16 years, linked to a robust inflation rate of 3.6% from the previous year.

What to Watch

• January 25: SEC decisions regarding four proposed Solana ETFs.
• January 29: Mainnet launch for Ice Open Network (ION).
• February 4: MicroStrategy’s Q4 earnings report.
• February 4: Pepecoin halving.
• February 5: Upgrade for Boba Network’s Ethereum-based L2 mainnet.

Token Events & Governance

Frax DAO is considering a $5 million investment in World Liberty Financial, a crypto project associated with Trump’s family. Arbitrum’s BoLD program is also having its activation vote deadline today.

Market Movements

• Bitcoin (BTC): +3.43% at $105,450.57
• Ethereum (ETH): +6.18% at $3,409.62

Closing Thoughts

In the backdrop of rapid shifts in the crypto landscape, keeping abreast of both macroeconomic influences and token-specific developments is crucial for stakeholders in the crypto markets. Stay tuned for further updates.