Cryptocurrency market is experiencing narrow fluctuations
The cryptocurrency market, aside from a significant rise in AI Agents over the weekend, mostly maintained narrow consolidation for other cryptocurrencies. Bitcoin hovered between $97,000 and $99,000, while Ethereum fluctuated between $3,500 and $3,700. Additionally, Bitcoin's market share showed signs of stabilizing and slightly rebounding, indicating that the overall performance of altcoins is lagging behind Bitcoin.
MicroStrategy founder's nine-week forecast
MicroStrategy founder Michael Saylor has posted related tweets about SaylorTracker.com on X for the ninth consecutive week. Michael Saylor has been posting similar tweets every Sunday for the past nine weeks and announces MicroStrategy's Bitcoin acquisitions on Mondays, so this tweet has been seen by the community as a 'pre-announcement' of MicroStrategy's Bitcoin purchases.
Something about https://t.co/Bx3917zMqi is not quite right. pic.twitter.com/vRTAH2xTCX
— Michael Saylor (@saylor) January 5, 2025
This week's focus is on two major events
This week's economic events of interest focus on the December Federal Reserve meeting minutes and the December non-farm payroll report to be released on Friday.
Although the market generally believes that the dot plot released at the December meeting conveys a hawkish message, the meeting minutes will provide a more intuitive understanding of Federal Reserve officials' views on the U.S. economic outlook, as well as whether they believe the risks of economic growth slowing are rising. In particular, the Fed's assessment of inflation prospects and whether they believe inflation pressures are easing.
On the other hand, economists currently forecast that the U.S. non-farm payrolls in December will increase by 154,000, a slowdown compared to the previous value of 227,000, while the unemployment rate is expected to remain at 4.2%.
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