January 20, 2025: A Defining Date for the Cryptocurrency Market
January 20, 2025 is shaping up to be a defining day for the cryptocurrency market, with several events likely to shape the future of the sector. Here are the key things to watch for:
1. Donald Trump Inauguration and Change at the SEC
The inauguration of Donald Trump, known for his pro-cryptocurrency stance, could positively influence the market. Simultaneously, Gary Gensler’s departure as SEC Chairman could pave the way for more relaxed regulation for digital assets.
2. World Economic Forum (WEF)
The World Economic Forum, held in Davos, will bring together global decision-makers to discuss technological innovations, including blockchain and cryptocurrencies. The discussions at this event could have major implications for the adoption of these technologies.
3. Major Token Unlocks
Major projects like #sui and #ethena will see token unlocks in January, which could impact market liquidity and volatility.
4. SEC Crucial Decisions on Solana ETFs
The SEC will deliver its verdict on ETFs based on #solana . An approval could boost institutional interest, while a rejection could dampen the momentum.
5. Anticipation of the FOMC Meeting
The FOMC meeting, although scheduled for late January, will be closely watched for its implications on US monetary policy, directly influencing risk assets, including cryptocurrencies.
