Economic Events
* 08/01: FOMC Meeting Minutes – 7 pm
* 14/01: PPI – 1:30 pm
* 15/01: CPI – 1:30 pm
* 29/01: Federal Funds Rate – 7 pm
* 29/01: FOMC Press Conference – 7:30 pm
Crypto Events
– 04/01: $VANA listing on Kucoin
– 06/01: Boba Network Holocene hardfork
– 07/01: $Dusk Mainnet Rollout
– Sonic SVM $SONIC TGE on OKX, Btbit, Kucoin and Bitget
– Injective changing $INJ tokenomics and decreasing the supply
– METAVSUMMIT in the UAE
– 08/01: Primex $PMX public sale
– 09/01: $DAR rebranding into $D
– $CRO mainnet upgrade
– CornNetwork $CORN ICO on Legion
– 11/01: $APT unlocks $112M – it’s setting at support around $9 currently, a breakout above $10.4 would be a good opportunity for a buy swing position
– 13/01: Fantom $FTM to $S conversion
– 14/01: Nosana Mainnet is set to launch
– 15/01: $STRK unlocks $33M – still holding the previous month’s long position at the $0.36 area
– 16/01: $ARB unlocks $81M – still holding the same position at $0.5, looking to add more to the position if it breaks through the $0.95 area
– 18/01: $ONDO unlocks $3B – too big of an unlock, so I’ll be watching this closely in case it reaches a major support area around $1.12
– 20/01: Trump is officially made president of the US
– Gary Gensler leaves the SEC
– 22/01: DavosWeb3 event
– 23/01-25/01: $SOL ETFs approvals deadlines
– 28/01: IRISnet $IRIS network upgrade
– 31/01: Binance to delist $OMG
Expected:
– $JUP second airdrop
– Opensea airdrop $OS and launch new version
– Abstract mainnet launch
– Solayer $LAYER TGE
– Monad testnet
– Shiba Inu launching $TREAT
– Celestia $TIA mainnet upgrade
Market Overview:
Starting 2025 with a dip due to the hawkish commentary from Powell about the rate cut this year, reducing it from 3 to 2 times which indicates their concern about inflation.
But now that we’re in 2025, there are many bullish factors coming into play like Trump officially becoming President of the US and Gary Gensler resigning from the SEC this month. This is super bullish for crypto.
The new administration has pointed out that they prioritize the legislation of crypto which means crypto adoption will increase and new money from institutions will flow into the market.
Regarding the rate cuts the Fed cut rates for the first time in 4 years in September 2024 by 50 bps. Then in November 2024 by 25 bps and another cut in December 2024 by 25 bps.
The Fed is now expected to pause rate cuts in January 2025 and the market is pricing in this expectation.
But if the Fed cuts rates in January we could immediately see new highs in the market. If they pause we might see a short term drop, followed by consolidation before the market continues to rise.
A very bullish scenario: if a Bitcoin strategic reverse is approved, this could definitely drive the whole market up immediately and help accelerate the process of seeing more crypto ETFs like Solana and XRP
Looking at the BTC chart it’s currently at $98K, which seems to be the main resistance area. If it breaks above this level it suggests that BTC is bullish. But if it rejects and breaks the $92K level it could indicate a short term decline.
Overall BTC could reach new targets like $200K-$250K this year and ETH is also expected to reach new highs.
$TOTAL: still remain bullish overall and has successfully confirmed breakout through the bullish pattern we mentioned last month, if it closes above $3.6T area that would be very bullish, still looking for next target at $4.8 Trillion area.
$DXY: currently is setting at major resistance at $110 area.
$SPX:The S&P 500 had a historic year breaking highs and reaching new ATHs. The current chart is neutral until we break above $6K.