The day ahead in crypto: Jan. 21, 2025
You are viewing Crypto Daybook Americas, your new morning briefing on what happened in the crypto markets overnight and what's expected during the coming day. In the coming weeks, this daily update will replace the First Mover Americas newsletter, and arrive in your inbox at 7 a.m. ET to kickstart your morning with comprehensive insights.
The debut of the TRUMP memecoin over the weekend marked "a fundamental shift in the American digital asset landscape, ultimately attracting new buyers, particularly into BTC and SOL," according to Laurent Benayoun, CEO of Acheron Trading. Jan. 21: MicroStrategy shareholders vote on increasing the authorized share capital to help fund bitcoin purchases.Inflation Rate YoY Est. 1.7% vs. Prev. 1.9%.ApeChain is voting on a revamped governance process for 75% of the on-chain treasury to be directed to the DAO treasury contract and the remaining 25% to the Ape Foundation for administrative and support purposes. Voting began Jan. 17 and will last for 13 days.
Initially, a significant amount of liquidity was added to make the token appear legitimate and encourage trading. However, it seems the token was designed to deceive from the start. Once the token reached a high buy volume, all liquidity was removed from the token pools causing the price to crash.
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