⚠️ On Dec. 31, 2023, following a year marked by volatility warnings for investors, the last week of the year is poised for significant developments in the markets:

Hosting possibly the most critical events of the year in the next two weeks, Dec. 31st, the final day of 2023, prompts investors to wake up prepared for Jan. 1st morning.

With the #Bitcoin price at $BTC , a substantial drop in open positions signals a significant volatility wave in the market. Some investors, anticipating ETF approval, engaged in profit-taking, leading to a halt in altcoin rallies.

Due to New Year's holiday, markets will have a quiet start on Monday, Jan. 1.

  • January 1st:
    - #OP $OP Unlocking ($1.23M)
    - #Bounce ($AUCTION ) 2024 Roadmap
    - #DYDX Unlocking ($100M)

  • January 2nd:
    - U.S. Manufacturing PMI data expected (Expectation: 48.2 Previous: 49.4)

  • January 3rd:
    - U.S. JOLTS report
    - Release of Fed minutes
    - Expected news on Spot Bitcoin #ETF approval
    - Origins Update from #Axie Infinity
    - #SUI Unlocking ($27.95 million)

  • January 4th:
    - U.S. ADP employment data
    - Initial jobless claims
    - PM data

  • January 5th:
    - Eurozone inflation
    - U.S. non-farm employment data
    - U.S. Average Hourly Earnings
    - U.S. Unemployment Rate
    - #GAL Unlocking ($6.97 million)

How might the U.S. employment report impact the markets?

  1. Above-expectation figure:

    Strong job growth signals a robust U.S. economy, strengthening expectations of accelerated #Fed interest rate hikes. Such news could lead to short-term market declines.

  2. Below-expectation figure:

    Weak employment data is interpreted as signs of economic slowdown, potentially delaying the #Fed's rate hike plans. Consequently, markets might experience relief and an upward trend.

  3. In line with expectations:

    In this case, the employment data may create uncertainty in the markets but won't decisively influence them. Meeting expectations implies stability, and markets might not experience significant volatility.

In summary, as expectations around Fed interest decisions'll shape based on the report, any deviation in employment figures from expectations has the potential to create shifts in the markets. Finally, the most noteworthy development of the week is whether the Spot #Bitcoin #ETF will be approved and its impact on the markets.

I shared the last post of 2023 with you. See you again in 2024. Once again, wishing a happy and prosperous New Year to the entire Binance Crypto community, filled with gains, health, and happiness. 🥳🎄🎅