US December economic data will become a key indicator for the recent cryptocurrency market. If non-farm payrolls, the unemployment rate, and wage growth outperform expectations, it will reinforce the Federal Reserve's stance on maintaining high interest rates, increasing the pressure for the US dollar to appreciate. This would put downward pressure on cryptocurrencies like BTC and ETH, making the overall market more vulnerable. Conversely, if the data shows weakness and expectations for rate cuts rise, a weak dollar environment could provide a rebound momentum for cryptocurrencies.
In addition to employment data, several other variables are worth paying attention to. Trump’s tariff decisions, energy policy directions, as well as economic indicators like the Michigan Consumer Sentiment Index and inflation expectations, will indirectly influence the performance of crypto assets by changing market risk appetite. If tariff measures are ultimately approved, rising trade uncertainty may trigger safe-haven capital inflows, which could be positive for Bitcoin in the short term. Overall, it is important to closely monitor the trends of these macro factors.
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MemeCoinSavant
· 01-08 17:52
ngl the employment data thesis is lowkey just macro cope dressed up in technical language... but yeah, if jobless numbers pump, we're def getting rugpulled by the fed's rate hold. statistically speaking (p < 0.420), weak data = printer go brrr = btc moon mission
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WalletManager
· 01-08 17:40
I've been monitoring the data constantly. On the day the non-farm payroll data is released, stay firm with your holdings and don't let emotions drive your decisions. A weak dollar is our opportunity. I won't sell the BTC in my multi-signature wallet; holding long-term with this logic is fine. There are indeed uncertainties regarding tariffs, but I don't really believe that short-term safe-haven funds are flowing into Bitcoin. It all depends on the actual movements of on-chain addresses.
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CoffeeOnChain
· 01-08 17:36
Good data drops the price, bad data also drops the price. I really can't understand this logic... Wait, Trump's tariffs are coming to stir things up again. It feels like the crypto market has been being led around by macroeconomic data lately.
US December economic data will become a key indicator for the recent cryptocurrency market. If non-farm payrolls, the unemployment rate, and wage growth outperform expectations, it will reinforce the Federal Reserve's stance on maintaining high interest rates, increasing the pressure for the US dollar to appreciate. This would put downward pressure on cryptocurrencies like BTC and ETH, making the overall market more vulnerable. Conversely, if the data shows weakness and expectations for rate cuts rise, a weak dollar environment could provide a rebound momentum for cryptocurrencies.
In addition to employment data, several other variables are worth paying attention to. Trump’s tariff decisions, energy policy directions, as well as economic indicators like the Michigan Consumer Sentiment Index and inflation expectations, will indirectly influence the performance of crypto assets by changing market risk appetite. If tariff measures are ultimately approved, rising trade uncertainty may trigger safe-haven capital inflows, which could be positive for Bitcoin in the short term. Overall, it is important to closely monitor the trends of these macro factors.