#比特币对比代币化黄金 This week could be a watershed moment for the crypto market.

Several key macroeconomic data points are about to be released, directly impacting this month’s liquidity and market direction. Simply put, the Fed’s stance and inflation data will determine the upcoming liquidity environment—which is crucial for the price movements of major coins like BTC, ETH, and SOL.

Let’s start with the JOLTs job openings data on December 9. The market expectation is 7.2 million, but fluctuations around this number are significant: if it’s below expectations, it signals a cooling job market, giving the Fed more room to cut rates. Looser liquidity is good news for the crypto sector; conversely, if the number is high, it means the labor market is recovering faster than anticipated, and the likelihood of rate cuts in 2026 will be reassessed, possibly cooling market sentiment.

The real highlight is December 10—the FOMC meeting and rate decision. A 25 basis point rate cut is basically a done deal, with the market pricing in a 94% probability, so the rate itself isn’t the focus. What matters is what Powell says afterward. Bank of America analysts believe he may mention “reserve management bond purchases,” essentially injecting new liquidity into the market to relieve funding pressure on small and medium-sized banks.

If Powell’s comments lean dovish—such as acknowledging cooling inflation, weaker employment data, or suggesting further easing ahead—the crypto market will likely see a rebound. But if he adopts a more hawkish tone like last time, emphasizing that inflation risks aren’t over, BTC and altcoins may remain under short-term pressure.

The PPI inflation data on December 11 is also worth watching. If the data comes in hot, short-term risk sentiment will rise; if it’s weak, it would confirm the trend of easing inflation—a bullish signal for the market.

Why are these data points so important for crypto? Because Bitcoin’s price usually has an inverse relationship with the dollar and bond yields. When yields drop, the dollar weakens, and liquidity increases—any of these three factors tend to push BTC higher. Historical experience also shows that every time the Fed turns dovish and inflation recedes, funds flow first into BTC, then ETH, and finally altcoins.

So if we see dovish signals this week along with moderate inflation data, BTC could break out of its current consolidation range, and major coins like ETH and SOL will likely follow. But if the tone is hawkish, the market may have to grind sideways a bit longer in the short term.

In short, keep a close eye on this week’s data and statements—they’ll set the tone for the next month. $BTC $ETH $SOL