This week opens with a total paradigm shift in the United States in the cryptocurrency sector, with the arrival of Donald Trump to power. Elsewhere in Europe, the Davos forum also opens in the coming days, while Solana spot ETFs come under scrutiny by the SEC. So what can we expect in the days to come?
Monday January 20 – Inauguration of Donald Trump, departure of Gary Gensler & GDP in Europe
The big news this Monday is the inauguration of Donald Trump as the 47th President of the United States. The president-elect brought together many guests for the start of his second term. It is likely that the new president makes key announcements on this first day, particularly for the cryptocurrency sector. Its arrival also caused the price of Bitcoin (BTC) to rise, which crossed its absolute record this morning.
At the same time, it is the leader of the “anti-cryptos” who is making his grand departure. Gary Gensler, the man who terrorized the ecosystem for several years at the head of the Securities and Exchange Commission (SEC), leaves office this Monday. He will be replaced by a Donald Trump loyalist, which has triggered a wave of optimism in the ecosystem.
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On the stock market side, we note that the American markets are closed todayto commemorate the birth of Martin Luther King. At the same time, the World Economic Forum in Davos, Switzerland begins, in a week that promises to be definitely a very busy one.
On the macro indicator side, the decision of the People’s Bank of China, expected today, will also be monitored. The central bank must indeed make its decision on its 1 and 5 year rates. In Europe, we will also know the figures for GDP growth and employment for the 3rd quarter.
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Wednesday January 22 – WAGMI Miami, deficit and debt in Europe
This Wednesday the WAGMI Miami blockchain conference will begin, which will take place until January 24. Several major speakers are expected, including Paolo Ardoino from Tether (USDT), Mark Karpelès, the former manager of Mt. Gox and creator of EllipX, as well as Lucas Netz from the Pudgy Penguins.
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In the European Union, we will know the deficit and public debt figures for the 3rd quarter of 2024. While in Davos, Christine Lagarde, President of the European Central Bank (ECB) will participate in a session on Europe’s exit from the crisis.
Thursday January 23 – SEC decision regarding Solana spot ETFs
The Solana (SOL) spot ETFs are considered a logical continuation of the BTC and ETH ETFs. Gold the SEC has until Thursday to approve or not the applications for these new investment products. Their evolution is unclear at this stage: considered as transferable securities, SOLs will not in fact have to meet the same requirements as BTC and ETH to integrate spot ETFs.
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But at the same time, Donald Trump will have come to power this Monday, and the new director of the SEC, Paul Atkins, may want to start his leadership with strong gestures. Markets should therefore be expectant, even if approval is unlikely to take place.
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-Friday January 24 – decision by the central bank of Japan
This Friday, the central bank of Japan will make its decision in terms of monetary policy. We will also know the inflation figures for the month of December.
Also to be continued this week…
The Jupiter airdrop (JUP), which began. Participants will receive 800 million tokens in total. This is expected to bring strong activity to the decentralized finance (DeFi) platform.
Memecoins linked to the Trump family. While the president pumped his “official memecoin” this weekendhis wife followed his example by launching a token called Melania. These initiatives have been heavily criticized in the cryptocurrency sector.
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Memecoin prices linked to political figureswhich are experiencing strong volatility as the inauguration of Donald Trump approaches.
The evolution of the price of Bitcoinwhich has just broken an absolute record this Monday. Will he continue his momentum?
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Investments in cryptocurrencies are risky. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your capacity to lose part of this savings. Do not invest if you are not prepared to lose all or part of your capital
Journalist at Cryptoast since 2017, I am passionate about the issues of decentralization, privacy and regulation. I specialize in traditional economics and finance by analyzing how industry news influences the cryptocurrency industry, providing a unique and informed perspective to Cryptoast readers.
Marine Debelloir
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