What to Know:
You are reading the Crypto Daybook Americas, your morning briefing on the recent developments in the crypto markets. This service will soon replace the First Mover Americas newsletter. If you haven’t subscribed yet, click here.
Market Insights:
The last day saw a surge of positive sentiment in social media related to cryptocurrency, significantly influencing market prices. For instance,
- Bitcoin experienced a rise to over $98,000, up from $96,900 thanks to Eric Trump urging investments in Bitcoin via his connections with World Liberty Financial.
- Charles Hoskinson, founder of Cardano, stated on social media: “We just absorbed a downturn larger than the collapse of Luna or FTX and have nearly recovered. 2025 is Crypto’s year.” (Translation: 2025 is a crucial year for cryptocurrency.)
Following this, the Cardano token rose by 4%, alongside gains for notable altcoins like XRP, SOL, and ETH.
In other noteworthy updates, Conor Grogan, a director at Coinbase, conjectured that Kraken could hold the identity of Bitcoin’s creator, Satoshi Nakamoto. Meanwhile, legislation is being proposed in the Senate to regulate stablecoins, potentially enhancing demand for U.S. Treasuries.
On a macroeconomic level, currencies sensitive to China are performing weakly against the U.S. dollar, hinting at market expectations surrounding ongoing negotiations.
Looking Ahead:
- Feb. 6: Mainnet launch of Berachain (BERA), with an initial token distribution.
- Feb. 6: Expect updates from the Bank of England on monetary policy.
- Feb. 6: Hearings on “Operation Choke Point 2.0” in the U.S. House Financial Services Committee.
Market Metrics:
- BTC: $98,068.38 (up 1.7%)
- ETH: $2,812.62 (up 4.15%)
For more details on the cryptocurrency landscape, follow our updates.
