Potential Economic Influences on Cryptocurrency Markets This Week
This week sees several economic reports that could impact the cryptocurrency landscape as holiday trading conditions set in.
The cryptocurrency market recently bounced back to a total capital of $3 trillion, avoiding any significant downturns over the weekend.
Although this week is expected to have less volatility due to the Christmas holiday, several important economic reports are scheduled to release. Here’s a summary of the key events:
Economic Reports from Dec. 22 to 26
- Monday: October PCE inflation data
- Tuesday: US third-quarter GDP report; expected growth is between 3% and 3.5%.
- Also on Tuesday: New home sales figures, followed by durable goods orders on Wednesday.
- Trading will be muted, with markets closed on Thursday for Christmas.
“Key drivers going forward include comments from the global central banks for the 2026 policy trajectory,” said Vinod Nair, Head of Research at Geojit Investments.
Additional economic indicators from the week will be closely watched as investors navigate their holiday trading strategies. The markets seem to be stable after a decline earlier, with Bitcoin rising to $88,000 and Ether hovering around the $3,000 mark.
