Crypto Daybook Americas: Trump Exports Bitcoin Enthusiasm as Price Rebounds, Investors Eye FOMC

Quick Summary:

Japan’s Metaplanet Plans to Buy 21,000 Bitcoin by 2026 (CoinDesk): The company aims to hold 21,000 BTC by 2026, funding purchases through a $740 million stock acquisition rights issuance.

Traders Bet ECB Will Need to Deepen and Accelerate Rate Cuts (Bloomberg): Traders expect the ECB to cut rates aggressively, beginning with a quarter-point drop Thursday, followed by three more cuts to bring the deposit rate to 2% as U.S.tariff threats weaken the euro and boost bonds.

This is followed by a press conference at 10:30 a.m.Jan.29, 2:00 p.m.: The Federal Open Market Committee (FOMC) announces the U.S.central bank’s interest-rate decision.

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Article Details

Author / Journalist: James Van Straten, Shaurya Malwa

Category: Crypto

Markets: United StatesCubaJapan

Topics: Crypto Daybook Americas

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-29 @ 12:00:00 (1 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 1619 words

Reading Time: 9 minutes read

Sentences: 37 lines

Sentence Length: 44 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 25603763

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Main Topics: Crypto

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