📊This Week's Three Key Points in the Cryptocurrency Market: Economic Data, China's Real Estate Market, and Market Trends
As we enter the new year’s work rhythm, the U.S. economic calendar will welcome a busy week, which may significantly impact the cryptocurrency market we are关注ing. Today, let’s take a look at three major events that might affect the cryptocurrency market this week, along with the details behind them.
First, U.S. economic data is about to make a big splash! This week, super important employment data and consumer confidence reports will be released, especially with the Federal Reserve's meeting on January 29 being the focus of attention. From Monday's services PMI to Friday's non-farm payroll report, each piece of data could shake the market. Additionally, the earnings season for the fourth quarter of 2024 will officially begin in mid-January.
Secondly, don't forget about the turbulence in China's real estate market, which is no small matter; its effects could ripple globally, bringing more uncertainty and volatility to the market.
Finally, let’s take a look at the cryptocurrency market. The total market capitalization of cryptocurrencies remains steady at $3.43 trillion. Both Bitcoin and Ethereum are performing well, with Bitcoin's price nearing $99,000 and Ethereum reaching $3,670. It seems everyone has quite a bit of confidence in these two giants.
Other altcoins are also holding their ground, maintaining the gains from last weekend, and the momentum this week looks set to continue. So, friends, this week the cryptocurrency market could be very exciting; remember to fasten your seatbelts as we await the show to begin!
In summary, this week’s economic data, the dynamics of China’s real estate market, and the trends in cryptocurrency will all be important factors influencing the market. Investors need to closely monitor the developments of these events to make informed investment decisions. Let’s look forward to the market's performance this week!
