Tonight, the cryptocurrency market will welcome three key data points, as follows:

21:15 U.S. December ADP Employment Data

Referred to as "Little Non-Farm," it is a preliminary forecast of the U.S. non-farm employment population, sponsored by ADP and managed by Macroeconomic Advisers, collected from about 500,000 anonymous U.S. companies, reflecting the employment situation in the U.S.

Good data indicates a strong employment situation, stable public income, strong purchasing power, and an economic improvement, which may lead the Federal Reserve to be inclined to raise interest rates, posing certain bearish implications for the cryptocurrency market; conversely, poor data may lead the Federal Reserve to be inclined to cut interest rates, providing certain bullish implications for the cryptocurrency market.

21:30 U.S. Initial Jobless Claims

Statistically reported by the U.S. Department of Labor, it is one of the indicators reflecting the domestic labor market conditions in the U.S., counting the number of first-time applicants for unemployment benefits.

An increase in the number of claimants indicates a sluggish job market, poor economic conditions, and dampened consumer confidence, which is detrimental to the U.S. dollar and may be somewhat beneficial for the cryptocurrency market; conversely, a decrease in claimants means an improvement in the job market, which is favorable for the U.S. dollar and may put pressure on the cryptocurrency market.

23:30 U.S. EIA Crude Oil Inventories

Statistically reported by the U.S. Energy Information Administration, excluding strategic petroleum reserves, it mainly shows the quantity of crude oil inventories in the U.S. for the week.

A significant increase in inventories indicates that the U.S. government acknowledges the current oil prices, which will increase strategic reserves, intensifying supply-demand conflicts and leading to rising oil prices, potentially driving up related energy cryptocurrencies; conversely, a significant decrease in inventories indicates that the U.S. government disapproves of the current oil prices, which will reduce strategic reserves, alleviating supply-demand conflicts and leading to falling oil prices, potentially posing certain bearish implications for energy cryptocurrencies. Furthermore, EIA crude oil inventory data will also affect the oil market, foreign exchange market, and precious metals market, indirectly impacting the cryptocurrency market.