
Jakarta, Pintu News – The crypto market has shown a 3% increase in the last 24 hours, driven by strong technical signals. Bitcoin price is now trading above $91,000, while Ethereum is above $3,100.
Other key currencies such as Solana , Ripple , and Dogecoin also followed the positive trend. With the week just beginning, crypto holders are paying close attention to the market and anticipating further market growth and development.
The JOLTS job openings report to be released on December 9 is expected to show a figure of around 7.2 million. This information will illustrate the strength of the labor market. If the figure is lower than 7.2 million, it may indicate a weaker labor market, which could open up opportunities for further rate cuts.
This could increase liquidity and potentially push crypto prices up. Conversely, if the report is stronger than expected, it signals that the labor market is strong and there will likely be no additional rate cuts in 2026. This could reduce optimism towards the market.
Also Read: Bitcoin Wins Hands Down According to Mark Yusko: The Future of Digital Currency!
On December 10, the Federal Open Market Committee (FOMC) is expected to announce an interest rate cut of 25 basis points. This move has been priced in by the crypto market with a 94% probability.
Although rate cuts are generally anticipated, the speech from Jerome Powell will be the most important. Powell’s remarks will be highly anticipated to determine the next direction of monetary policy, which could have a significant impact on the crypto market.
Producer Price Index (PPI) inflation data to be released on December 11 will be another important indicator. If the PPI is better than expected, it will be a sign that inflation is still ongoing, and the market will probably develop a risk-averse market sentiment.
However, a lower PPI would be a positive indicator of easing inflation, which would be a positive signal for the price of Bitcoin (BTC) and other crypto market coins. Bitcoin tends to appreciate during periods of falling inflation and liquidity expectations. If the message from Powell remains dovish, Bitcoin will probably break out of its range, and altcoins will also gain momentum.
With a series of upcoming economic data and policy decisions, the crypto market is on the verge of potential significant price changes. Traders and investors are advised to pay close attention to the results of the reports and decisions that will be released to take the right steps in managing their portfolios.
Also Read: December on Fire: SHIB, XRP, BTC Price Outlook, Ready for 2025 Year-End Rally?
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
A1: The JOLTS job openings report is an indicator that describes the number of unfilled job openings in the United States, released by the US Bureau of Labor Statistics.
A2: Interest rate cuts by the FOMC can increase liquidity in the market, which often has a positive impact on crypto prices as it reduces the attractiveness of investing in low-risk assets such as bonds.
A3: The Producer Price Index (PPI) is an inflation indicator that measures the average change in prices received by domestic producers for their output. It is one of the key indicators used to measure inflation.
A4: As Chairman of the Federal Reserve, Jerome Powell’s speeches are closely watched by the markets as they may provide clues on future monetary policy, which has a major effect on the value of the US dollar and indirectly affects crypto markets.
A5: Risk-averse market sentiment occurs when investors move their investments into assets considered safer, such as government bonds, due to uncertainty or volatile market conditions, often resulting in a decline in the prices of riskier assets such as stocks and cryptocurrencies.