The day ahead in crypto: Jan. 17, 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. If you're not already subscribed, clickThe crypto world is buzzing as President-elect Donald Trump's inauguration nears.
"The macroeconomic backdrop remains supportive, with unemployment trending downward, inflation showing signs of easing, and the market riding a wave of enthusiasm tied to Trump’s inauguration," Valentin Fournier, an analyst at BRN, said. "We maintain a bullish outlook for Q1, though a correction could happen this week if the new administration doesn't outline a solid action plan.
The Aave DAO is discussing a joint incentive program with Polygon that would require $3 million to enhance liquidity and adoption of Aave on the Polygon blockchain.Jan. 17: QuantixAI to unlock 4.79% of its circulating supply, worth $21.28 millionCatstanbul 2025Litecoin led the pack over the past 24 hours after a Nasdaq 19B-4 filing paved the way to roll out an LTC exchange traded-fund . The token rose 17% to overtake bitcoin cash in terms of market cap.
BTC's annualized one-month futures basis on the CME has climbed above 12%, surpassing ETH's 11%. BTC, ETH CME futures open interest, however, remains little changed and well below December highs.ETH is up 3.13% at $3,424.04 Euro Stoxx 50 is up 0.66% at 5,140.87S&P 40 Latin America closed -1.41% to 2,230.95E-mini Nasdaq-100 futures are down 0.32% at 21,332.25The dollar index's rally has stalled, but the bullish trendline characterizing the uptrend from 100 is still intact.
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