3 Top Crypto Market Events to Watch This Week Before Prices Move

Coingapestaff
Coingapestaff

Coingapestaff

Journalist
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Read full bio
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
3 Top Crypto Market Events to Watch This Week Before Prices Move

Highlights

  • JOLTs report affects labor market strength, influencing rate cut expectations.
  • FOMC rate reduction may increase liquidity, but this will be based on the speech of Powell.
  • PPI data may lead to inflation patterns, which will affect the sentiment of the crypto market.

Crypto markets have experienced a 3% rise in the last 24 hours, driven by strong technical signals. Bitcoin price is trading above $91,000, and Ethereum (ETH) trades above $3,100.

Other key currencies like the Solana (SOL), XRP, and Dogecoin (DOGE) have recorded an upward trend. With the week about to begin, the crypto holders are keeping a close eye on it, and they anticipate further growth and market developments.

Major Crypto Market Event to Watch This Week

The crypto market has experienced a slight recovery at the beginning of the week. Investors are looking forward to the most important events that can determine the direction of the market. There are some important economic data releases and policy decisions that will occur between the 9th and 11th of December. Here’s an overview of the events to watch.

December 9: JOLTs Job Openings Report

On December 9, the JOLTS job openings report will be released, with an expectation of 7.2 million. This information will show the robustness of the labor market.

A figure that is lower than 7.2 million might indicate a poorer labor market, which would be an open door to further reduction in the rate. This would increase liquidity and has the potential to push crypto prices up. 

In case the report is stronger than expected, then this would mean that the labor market will be stronger and hence there are chances that there will be no additional rate cuts to be done in the year 2026. This can give rise to reduced optimism towards the markets.

December 10: FOMC Rate Cut Decision

On December 10, the Federal Open Market Committee (FOMC) is expected to announce a 25 basis point rate cut. This move has already been priced in by the crypto market with a 94% likelihood. The rate cut is generally anticipated but the speech of Jerome Powell will be the most important.

Bank of America projects that Powell may suggest hinting to reserve management purchases to relieve funding pressures of the small banks. This would bring liquidity in the market.

In case the speech of Powell is dovish, focusing on reducing inflation and softening of the labor market, the market may react positively. Nonetheless, in case Powell adopts a hawkish tone, Bitcoin and altcoins would be in a downturn.

December 11: PPI Inflation Data

On December 11, the Producer Price Index (PPI) inflation data will be released. An improved than the expected PPI would be a sign that there is still inflation happening and the market will develop a risk-off market sentiment.

A lower PPI, though, would be a positive indicator of a cooling inflation, which would be a positive signal to Bitcoin price and other  crypto market coins. Bitcoin tends to appreciate during periods of inflation alleviation and their liquidity expectations.  When the message by Powell is still dovish, the Bitcoin might move out of its range, and the altcoins will also gain momentum.

Such events will precondition the possible unstable situation in the crypto market. The traders are keenly keeping their eyes on any indications that may drive the prices either upwards or downwards in the near future.

Advertisement

Frequently Asked Questions (FAQs)

1. What is the expected outcome of the FOMC rate cut on December 10?

The market expects a 25 basis point rate cut, which could boost liquidity and positively affect crypto prices.

2. Why is Jerome Powell’s speech important after the FOMC rate cut?

Powell’s speech will provide insights into future monetary policy, particularly whether further rate cuts or liquidity injections are likely.
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.