The day ahead in crypto: Feb. 5, 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.
Speaking of SOL, Amberdata's options block flow tracker revealed a sizable bear put spread involving a long position in the $200 put and a short position in the $120 put, both expiring on Feb 28. This strategy bets on a decline to at least $120 by month-end, reflecting an increasingly pessimistic outlook.
On the macro front, investors are pivoting toward gold and U.S. Treasury notes amid the threat of a potential trade war, pushing gold to a new high of $2,877 per ounce, an impressive 10% gain for the year. Historically, a heightened preference for gold has not favored bitcoin. Feb. 6, 2:30 p.m.: Fed Governor Christopher J. Waller is giving a speech on Payments at the Atlantic Council in Washington.distributing rewards to LDO stakers based on the protocol’s net revenue, as well as the use of a percentage of its annual revenue to buyback LDO tokens.Feb. 5: Kaspa to unlock 0.67% of circulating supply worth $17.29 million.By Francisco Rodrigues
Meanwhile, Pump.fun’s success remains, having recently surpassed Circle, the issuer of the second-largest stablecoin, USDC, in 24-hour revenue according to DeFiLlamaPerpetual funding rates for XLM, TON, SHIB, BCH and ONDO remain negative, hinting at a bias for shorts. These tokens could see a short squeeze should BTC surge, reviving risk-taking in the crypto market.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto Daybook Americas: Crypto Daybook Americas: Bitcoin (BTC) Rebounds as DeepSeek Concerns Wane, AI Tokens RegroupThe day ahead in crypto: Jan. 28, 2025
Read more »
Crypto Daybook Americas: Retail Demand for BTC Provides Firm Underpinning in Weaker Crypto MarketThe day ahead in crypto: Jan. 23, 2025
Read more »
Crypto Daybook Americas: Risk-Off Sentiment Weighs on Crypto MarketsCrypto markets are trading down amid a risk-off environment driven by strong US jobs data and rising Treasury yields. Bitcoin has dipped to key support levels, while Ethereum and altcoins are posting larger losses. Despite the negative sentiment, Michael Saylor indicated a potential for another Bitcoin purchase by MicroStrategy. The crypto market is likely to focus on upcoming events like President-elect Donald Trump's inauguration and FTX claim distributions.
Read more »
Crypto Daybook Americas: XRP, AI Coins Eye Big Moves While BTC in Stasis Ahead of CPIThe day ahead in crypto: Jan. 15, 2025
Read more »
Crypto Daybook Americas: BTC Bargain, AI Tokens Outperform, Corporate Treasury Buys SurgeA morning briefing on crypto markets, including perspectives on Bitcoin's value, the strong performance of AI tokens, and increased corporate treasury purchases of Bitcoin.
Read more »
Crypto Daybook Americas: Market Update and Upcoming EventsThe total cryptocurrency market capitalization has dropped to under $3.2 trillion, with Bitcoin hovering above $93,000. The U.S. dollar index remains high, impacting crypto markets. The U.K. is facing economic turmoil with rising gilt yields, while U.S. markets are closed today for a national mourning day. Important dates for crypto include Binance's delisting of Fantom and listing of Sonic token, Aptos's token unlock, and upcoming economic data releases.
Read more »