Bitcoin vs. the Fed: Can the Trump Surge Last?

Markus Tielen predicted that BTC's momentum might slow before the FOMC meeting on Jan. 29.

Author

Danielle du Toit
January 06, 2025

VaultCraft closes the year with $100M+ TVL

VaultCraft levels up: Launches V2 and lands $100M+ Bitcoin partnership

  • VaultCraft partners with Safe & Matrixport

  • OKX Web3 rolls out Safe Smart vault with $250K rewards

Here's what we've got for you today:

  • Bitcoin Trump Rally Could Wane Ahead of End-Jan FOMC Meeting: 10x Research

  • Metaplanet Aims for 10,000 BTC in 2025 Amid Bold Expansion Strategy

  • ‘75% of Ripple’s Open Roles Are Now US-Based’ - CEO Brad Garlinghouse

  • Speculation Squashed as Phantom Confirms No Plans for Token Launch

Markus Thielen said the Federal Reserve’s decisions are Bitcoin’s “primary risk” when it comes to slowing it from another price surge.

  • Thielen predicts a positive start for Bitcoin in early January, followed by a slight pullback ahead of the Jan. 15 Consumer Price Index inflation data and a subsequent rally leading up to Trump's inauguration.

  • However, the rally’s momentum might slow before the Federal Open Market Committee (FOMC) meeting on Jan. 29. Bitcoin experienced a 15% drop after the Dec. 18 FOMC meeting.

  • According to CME Group's FedWatch tool, there is an 88.8% likelihood that the US federal target rate will remain between 425 and 450 basis points after the FOMC meeting.

 Metaplanet plans to expand its Bitcoin holdings to 10,000 BTC in 2025.

  • So far, Metaplanet accumulated 1,762 BTC over 19 purchases, making it Asia's largest corporate Bitcoin holder and the 15th largest globally among public companies.

  • The company adopted a Bitcoin investment strategy very similar to MicroStrategy’s by leveraging capital to build its holdings.

  • In a Jan. 5 X post, CEO Simon Gerovich announced Metaplanet’s 2025 goal to grow its Bitcoin holdings to 10,000 BTC by using advanced capital market tools.

Brad Garlinghouse announced that 75% of Ripple Labs' job openings are now based in the US, and the company closed more deals in the US after the 2024 election.

  • The Ripple CEO accredited the changes to Donald Trump's pro-crypto stance, and also praised the incoming administration's team in a Jan. 5 X post.

  • Garlinghouse pointed out some of the contributions of key figures like Scott Bessent, David Sacks, and Paul Atkins, and acknowledged the changes that were made even before Trump officially assumes office.

  • The crypto industry expects a friendlier regulatory environment under the Trump administration, which is set to take office on Jan. 20, 2025.

Phantom recently denied rumors of a token airdrop, and is focusing instead on its upcoming social discovery feature.

  • Phantom denied the rumors of a token airdrop, and shared in a Jan. 3 post on X that it has no plans to release a token alongside its upcoming social discovery feature.

  • The social discovery feature was announced on Dec. 19, and will allow users to create profiles, connect with friends, and customize privacy settings, to improve the user experience.

  • Rumors of a token launch were fueled by community speculation, but firmly dismissed by Phantom.

👀 QUICK NEWS

MEME OF THE DAY

How did you like today's newsletter?

Login or Subscribe to participate in polls.

That’s it for today. Don’t forget to share Coinpaper Digest with your friends!