FameEX Morning Crypto News Recap | January 23, 2025

U.S. Senator Cynthia Lummis Commits to Advancing Bitcoin Integration in the U.S. Financial System

U.S. Senator Cynthia Lummis believes Bitcoin and digital currencies will thrive in the U.S. financial system. After a productive conversation with technologist David Bailey, she emphasized their shared optimism about Bitcoin's future impact on the country’s economy.

Trump Says New U.S. Investments Could Total $6 to $7 Trillion

Trump claimed that by the end of his first full working day in Washington, the U.S. had secured nearly $3 trillion in new investments. He expects this amount to increase to $6 to $7 trillion by the end of the weekend.

JPMorgan CEO Dimon Talks Musk and the Department of Efficiency

JPMorgan CEO Jamie Dimon expressed concerns about the government in relation to Musk and the Department of Efficiency (DOGE). He warned that tariffs could act as an economic weapon, driving inflation, and also noted that U.S. stock market asset prices appear somewhat overvalued.

CME Bitcoin Options Trading Reflects Strong Bullish Sentiment

On January 22, Bitcoin options trading on the Chicago Mercantile Exchange (CME) reflected the strongest bullish sentiment since Trump’s November 5 election win. Data revealed that the options trading skew rose to 4.4%, marking the highest level since early November.

ECB Official Warns New U.S. Government Policies Could Spark Inflation

On January 22, ECB Governing Council member Villeroy warned that while it's early to assess, the policies of the new U.S. government are likely to have inflationary effects on the economy.

Survey Reveals 41% of Investors Predict the US Dollar Will Be the Top Performer in 2025

A January 22 Bank of America survey revealed that 41% of fund managers expect the US dollar to be the best performer in 2025, while 29% favor the Japanese yen. About 58% of investors believe the dollar is overvalued, with long dollar positions considered 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.