Crypto Market Eyes Bounce as Traders Await U.S CPI Data, Jobless Claims and BOJ Rate Decision

The crypto market may find support after the recent selling pressure despite the cut in interest rates by the Fed last week. Experts shared some major events that could influence global markets. This includes US CPI data, Jobless claims, and a major interest rate decision of the Bank of Japan

Crypto Market Eases as Trading Volumes Remain Firm

The crypto market cap fell by 1.5% to $3.13 trillion in the early hours of Monday. However, despite a dip in prices, total trade volume remained elevated at $90.9 billion.

Bitcoin price was trading at approximately $89k, which is a decline of 1% in a day. It retained a 24-hour trading volume of $48.6 billion with a market cap of $1.77 trillion. The Ethereum market performed better, with a decline of just 0.33% to $3,10. It also maintained  daily trading volume of $16.6 billion with a market cap of $375 billion.

Market sentiment remains weak. The Fear and Greed Index further fell to 16, which is in ‘Extreme Fear’ levels. This is lower than 21 recorded a day before. Although market sentiment remains weak, it remains above levels last month.

Traders Await CPI, Jobs data and Fed signals

Analysts say a rebound might depend on this week’s heavy slate of US economic data. Key events include the November jobs report, CPI inflation figures, and multiple Federal Reserve speaker appearances, according to the Kobeissi Letter.

Data on inflation still stays very relevant. The Consumer Price Index, one of the vital measures of changes in prices for a basket of goods and services. This plays the main role in setting interest rate expectations. In October, the reading of the CPI came in below forecasts. This helped feed the short-term rally in Bitcoin as traders began to price in higher chances of rate cuts.

U.S. jobless claims data is also coming out midweek and is an important factor to watch.  As a result of higher than expected unemployment claims, speculations begin to rise on may be additional cuts may happen. In late November, low labor statistics surprised markets which led to an increase in Bitcoin price.

Investors are also waiting for  Japan’s interest rate decisions. Not too long ago, business confidence among major manufacturers attained a four-year high, as indicated by a Bank of Japan survey. This news has raised expectations that the Bank of Japan may increase interest rates.

At the same time, companies are worried about lower consumer spending and the effects of higher U.S. tariffs. Economists, as reported by Reuters, say that stricter policies in Japan could affect global markets.

Some analysts caution that past rate hikes by the Bank of Japan have coincided with Bitcoin dropping 20% to 25%.

Santa Rally Hopes Extend to Crypto Market

Seasonal trends are also important to consider in financial markets. Typically, U.S. stocks do well during the “Santa Claus Rally,” which happens in the last trading days of December and early January. Analysts say this positive mood often impacts the crypto market, especially when liquidity is improving.

Is a "Santa Claus" Rally on the way?

Since 1929, the S&P 500 has risen in 79% of Santa Claus Rally periods, with an average return of +1.6%.

The Santa Claus Rally covers the last 5 trading days of December and the first 2 trading days of January.

Similarly, since 1950, the S&P… pic.twitter.com/pzhkQUXfIe

— The Kobeissi Letter (@KobeissiLetter) December 15, 2025