- Markets watch JOLTs and PPI data closely.
- Labor and inflation trends will shape expectations for 2026 rate cuts.
- Bitcoin sits at a crucial 0.382 Fibonacci zone.
This week is of heavy importance for crypto as several macro events are expected to set the tone for 2026. Analysts pointed out that the overall trend for December would depend on how these events unfold.
The week begins with the JOLTs job openings data on December 9. Markets expect the figure to stand close to 7.2 million which indicates strength in the US labor environment.
Related: Three Reasons Why Bull Run Is Not Over Yet
A lower figure would hint at soft labor conditions and create more room for rate cuts, which would support liquidity and favor assets such as Bitcoin and Ethereum. A higher figure would point to a stronger labor environment and lower the probability of rate cuts in 2026.
On December 11, markets will also observe the latest PPI inflation report. Softer PPI would confirm that inflation continues to ease across sectors, which would support a positive outlook for risk assets. A hotter figure could introduce temporary caution.
The FOMC Decision and Powell’s Tone
On December 10, the Federal Reserve will make its interest rate decision. Current market pricing shows a strong expectation for a 25 basis point cut, and analysts note that this outcome is already mostly reflected in asset prices.
Because of this, the main driver of volatility may come from the Federal Reserve Chair’s remarks rather than the cut itself. Observers from major institutions expect comments on potential liquidity steps, including possible reserve management purchases aimed at stabilization of small‑bank funding pressure.
Any hint of softer inflation, controlled tariff impact, or weakening labor strength would raise hopes for additional rate cuts. Other macro events this week include ADP employment data, projections from the FOMC, the US balance of trade, and weekly jobless claim figures.
Meanwhile, analysts claims that the 0.382 Fibonacci retracement area for Bitcoin is a very important point that bulls aim to protect. A drop below this level may open the path toward the April low near $76,000 USD.
Related: Major Altcoins Record Autumn Declines as CryptoRank Flags Strong Repricing
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Source: https://coinedition.com/us-jobs-and-inflation-data-put-bitcoin-support-to-the-test-this-week/