Top Cryptocurrency Market Events to Watch This Week: A Mega Bullish Run Coming?

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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.
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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.
Top Cryptocurrency Market Events to Watch This Week: A Mega Bullish Run Coming?

Highlights

  • PMI and job data could fuel bullish Cryptocurrency Market momentum.
  • FOMC guidance may trigger rate cut-driven crypto rally.
  • Venezuela tension boosts crypto as a safe-haven asset class.

The cryptocurrency market kicked off the week on a strong note, climbing 1.7% in the last 24 hours to reach $3.12 trillion. 

This extended its 7-day gain to nearly 5%, signaling continued optimism among investors. Bitcoin remains above $91,000, while Ethereum stays firm above $3,000. Other altcoins such as XRP, Solana, and Dogecoin are also moving upward positively

Uncover the key Cryptocurrency Market events to watch this week as economic data, geopolitics, and macro signals align to shape investor sentiment.

Monday: PMI Index Report Sets the Stage

The Index of the Purchasing Managers (PMI) of both manufacturing and services will be published on Monday. This economic indicator is the biggest indicator of business confidence and health.

Positive PMI would support the current trend in the cryptocurrency market in increasing investor risk appetite.

Seeing that crypto assets tend to be associated with economic optimism. Traders will be eager to see whether the data provided by PMI will be indicative of growth or contraction. Bullish market trends in Bitcoin and altcoins might improve with positive momentum.

Tuesday: FOMC Meeting to Signal Fed’s Next Move

The Federal Reserve is in the spotlight on Tuesday when the FOMC convenes in order to evaluate its monetary policy. December minutes were split in the Fed on future cuts in the rate. The participants of the market are now looking forward to new directions on whether easing of rates will continue until 2026.

As cryptocurrencies are usually sensitive to a low-interest rate, any dovish message by the Fed can give prompt capital circulation into the crypto zone. Any news of labor market vulnerability or deflation will be responded to swiftly in the crypto market.

Wednesday: JOLTS Job Openings and Balance Sheet Update

In the middle of the week, two key updates will be digested by the investors: the JOLTS job openings statistics and the balance sheet adjustment of the Federal Reserve. Job vacancy is a source of information regarding the strength of the hiring and the state of the labor market.

Simultaneously, decreases in the balance sheet of the Fed may limit the liquidity, which is one of the determinants of crypto prices. The two reports will be monitored keenly in order to understand the influence of the macro environment on the cryptocurrency market.

Thursday: Jobless Claims to Shape Rate Cut Outlook

Thursday is the date of weekly first-time claims. In case of great increase in claims, then it would indicate labor market strain. This would reinforce the argument of reduction in interest rates in the future.

The traders will determine the similarity of this information with the overall employment trends which are very sensitive to the policy of the Fed. These cues are very sensitive to the cryptocurrency market, particularly when operating in a macro-based trading setting.

Friday: U.S. Unemployment Report in Focus

On Friday, the Bureau of Labor Statistics will publish the unemployment report of December. This data will come on time even though there were delays by the government shutdown that happened last year.

The report entails the figures of job creations, the rate of unemployment and the wages. The cooling of the labor market might push the Fed to even lower rates igniting a new wave of inflows to crypto assets.

Venezuela Tensions Spark Cryptocurrency Market Interest

The U.S. military had gone on a surprise raid to Venezuela and taken over President Nicolás Maduro over the weekend. President Trump declared U.S. intentions to monitor the transition and reinstatement of the oil infrastructure in Venezuela.

This Venezuela conflict has provided a sense of uncertainty to the international markets but has led to a resurgence in alternative assets such as cryptocurrencies.

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Frequently Asked Questions (FAQs)

1. What are the top cryptocurrency market events to watch this week?

Key events include PMI reports, the FOMC meeting, jobless claims, unemployment data, and geopolitical tensions in Venezuela.

2. Why is the FOMC meeting important for the cryptocurrency market?

The FOMC meeting may signal future interest rate changes, directly influencing investor sentiment in crypto markets.
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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.
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