At the time of writing, the US markets were minutes away from opening and we are starting a very important week. BTC fell on Sunday afternoon with the excitement of this week and BitMine just announced a new ETH purchase. The total supply they have is approaching 4 million. So what awaits cryptocurrencies today?
Latest Situation in Markets
BTC It bottomed at $89,000 and $87,577 in the last 24 hours. Hours ago, JPMorgan announced that it was launching a $100 million tokenized currency fund on Ethereum. USD1 parities are DOGE, SUI, XRP and Trump’s name alone remains reason enough for USD1 growth.
We will experience extremely active days this week due to US employment and inflation data. Stock futures rose as the sell-off in tech stocks weakened and talk of an AI bubble next year faded. Since a major decline in the stock market is not expected, at least for today, it is not expected to suppress crypto.
What Will Happen in Cryptocurrencies?
If there is no postponement, at 22:00 Nvidia has its peak and cryptocurrencies Since it likes to act like a technology stock, this event could be in our favor today. The Fed’s Williams will speak at an event hosted by the New Jersey Bankers Association and Liberty Science Center (6:30 p.m.). Dove-toned statements can be supportive for us. Fed member Miran will speak to CNBC at 19:00, and since he is like Trump’s representative at the Fed, we will be watching his statements closely.
Everyone who will attend the Trump Christmas Reception later is largely in the holiday mood, and Trump is not expected to do anything new to increase tensions. That’s why we can rest easy about Trump surprises. However, tomorrow’s unemployment rate, non-agricultural employment and average earnings figures may already push investors to be cautious.
Today there is a Starknet (STRK) Unlock (5.07% of Supply). SEI It also makes a lock opening of 1.08%. Since Arbitrum (ARB) Lock Opening (1.9%) and Cronos V1.6 EVM Mainnet Upgrade will be held tomorrow, we may see early movements today for altcoins.
on friday Japan interest rate decision Since it will be announced, we expect the carry trade discussions to find more space in the headlines this week and put pressure on the risk markets, including cryptocurrencies. Tomorrow’s data can adjust the dose of pressure, so it is important. BTC could break one of the $88,000 or $94,000 levels this week, but the prevailing view is bearish (the market sometimes likes to go against the expected direction). We don’t expect the day to be great, as today’s candle close will likely reflect caution in data coming tomorrow. And of course, none of us have a magic globe that shows the future.
