FameEX Morning Crypto News Recap | January 23, 2025

U.S. Senator Cynthia Lummis Vows to Push for Bitcoin Integration into the U.S. Financial System

U.S. Senator Cynthia Lummis is confident that Bitcoin and digital currencies will flourish within the U.S. financial system. After a productive discussion with technologist David Bailey, she highlighted their mutual optimism about Bitcoin's potential to shape the nation's economic future.

Trump Predicts New U.S. Investments Could Reach $6 to $7 Trillion

Trump announced that by the end of his first full working day in Washington, the U.S. had secured nearly $3 trillion in new investments. He anticipates this figure will rise to $6 to $7 trillion by the weekend’s end.

JPMorgan CEO Dimon Discusses Musk and the Efficiency Department

JPMorgan CEO Jamie Dimon voiced concerns over the government’s role in relation to Musk and the Department of Efficiency (DOGE). He cautioned that tariffs could fuel inflation and highlighted that asset prices in the U.S. stock market seem to be somewhat overvalued.

CME Bitcoin Options Trading Signals Robust Bullish Sentiment

On January 22, Bitcoin options trading on the Chicago Mercantile Exchange (CME) displayed the strongest bullish sentiment since Trump’s election win on November 5. Data showed the options trading skew reached 4.4%, the highest level since early November.

ECB Official Cautions That New U.S. Government Policies May Lead to Inflation

On January 22, ECB Governing Council member Villeroy cautioned that although it's too soon to make a full assessment, the new U.S. government's policies are expected to have inflationary effects on the economy.

Survey Shows 41% of Investors Expect the US Dollar to Lead in Performance in 2025

A January 22 Bank of America survey found that 41% of fund managers predict the US dollar will outperform in 2025, while 29% favor the Japanese yen. Additionally, 58% of investors view the dollar as overvalued, with long dollar positions ranked as the second most crowded trade after the "Big Seven" stocks.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​