Overview

You’re reading Crypto Daybook Americas, your morning briefing summarizing key events in the crypto markets.

Current Market Trends

The crypto market shows signs of recovery, with Bitcoin priced around $102,000, influenced by positive movements in futures associated with the Nasdaq. Notably, XRP leads the resurgence among major cryptocurrencies with an 11% increase, while Solana sees a 7% rise. AI tokens, previously significantly impacted, have also started to recover, with gains reaching approximately 4%.

DeepSeek Developments

Market sentiment shifts amid skepticism surrounding Chinese tech startup DeepSeek, which claims a mere $6 million investment to rival ChatGPT. Analysts note that this figure overlooks essential historical research costs, questioning its reliability. In addition, Jevons Paradox suggests technological advancements often result in greater consumption rather than reductions, potentially fostering industry growth.

Political Influence

Positive implications for Bitcoin’s future stem from ongoing legislative movements, notably in Arizona, where lawmakers propose a bill allowing public funds to invest up to 10% in Bitcoin and other digital assets.

Perspectives from Experts

“According to CryptoQuant data, the percentage of large investors holding at least 1,000 BTC has surged from 43% to 60% in the past five months, signaling the entrance of substantial players amidst a hopeful market outlook,” says Alex Kuptsikevich, Chief Market Analyst at FxPro.

Upcoming Events to Note

• Crypto:

  • Hedera (HBAR) Network Upgrade: Jan. 28 at 1:00 p.m.
  • Cardano’s Plomin Hard Fork: Jan. 29

• Macro:

  • U.S. Census Bureau Report on Durable Goods: Jan. 28 at 8:30 a.m.
  • Federal Open Market Committee Announcement: Jan. 29 at 2:00 p.m.

In Closing

Maintain vigilance for forthcoming strategies from leading players in the crypto sector. Empower your investments with the latest insights and adopt a proactive approach in these transformative times.