3 Crypto Market Events of the Week: Christmas Volatility or Santa Rally Coming?

Jakarta, Pintu News – The crypto market rose 0.9% on December 22, continuing a monthly gain of 4.15%. Bitcoin (BTC) remained steady above $89,000, while Ethereum (ETH) traded above $3,000. Other altcoins such as Solana (SOL), XRP (XRP), and Cardano (ADA) also registered small gains.

Traders are now anticipating big volatility this week as the Christmas week kicks off with a packed macroeconomic agenda and huge liquidity flows in the markets. Let’s take a look at the key macro and crypto market events to watch this week.

Fed’s Liquidity Injections Spark Optimism in Crypto Market

The Federal Reserve (Fed) kicked off the week by injecting $6.8 billion into financial markets through repo transactions (repurchase agreements). The move is a continuation of recent policy changes, where more than $38 billion has been channeled in the last 10 days.

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The Fed’s liquidity operations are in line with the official end of quantitative tightening and recent interest rate cuts – reflecting the central bank’s increasingly dovish policy direction.

This large-scale injection of liquidity is seen as a positive signal for the crypto market. This scale of repo operations has not been seen since 2020, signaling a shift in the Fed’s stance ahead of 2026.

As long as this liquidity push continues, it has the potential to increase investors’ risk appetite, especially towards crypto assets.

US GDP data in the spotlight amid heated debate

On Tuesday, the United States will release its third quarter real Gross Domestic Product (GDP) data. The market expects annualized growth of 2.5%, which signals moderation amid lingering inflation concerns.

The crypto market is usually very responsive to economic data whose results differ from expectations, especially since the Federal Reserve is currently considering further interest rate cuts in 2026.

The latest US employment data showed better-than-expected job growth, but the unemployment rate increased to 4.6%, the highest in more than four years.

The release of this GDP data is expected to provide a clearer picture of the health of the US economy as well as the next policy direction of the Fed, which in turn could lead to volatility in the crypto market.

US Jobless Claims and China M2 Data Add Market Sensitivity

In the middle of the week, investors will be watching data on initial jobless claims in the United States. If there is a surge in claims, it could increase the likelihood of further interest rate cuts. Conversely, a strong labor market could reduce the need to ease monetary policy.

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In addition, China will release M2 money supply data on Friday, which is an important indicator for global liquidity trends. China’s M2 recorded an 8% annualized increase, reaching a record CNY 336.9 trillion in November.

If there is further expansion in Chinese liquidity, this could have a positive impact on global risk asset markets, including crypto markets.

Tension between Holiday Calm and Potential Volatility

With Thursday marking the Christmas holiday, liquidity in traditional markets is expected to be thin. However, crypto markets operate 24/7, and often experience increased volatility when trading volumes are low.

The crypto market is now walking a fine line between a positive trend and a negative correction, as various macroeconomic events are unfolding.

Will this week be the “Santa Rally” that brings year-end gains – or will it bring an unexpected correction?

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Crypto Market Events to Watch This Week: Christmas Volatility or Santa Rally? Accessed on December 24, 2025