4 Things That Could Influence Crypto Markets This Week
Crypto market capitalization has hit a peak above $3.6 trillion over the weekend as altcoins outperformed their big brother Bitcoin.
This week’s economic data is primarily focused on employment and jobs, but there are also some manufacturing PMI reports in the mix.
This will be the last week of labor market data before the Dec. 18 Federal Reserve meeting, reported the Kobeissi Letter, which added, “It’s a huge week for the labor market.”
Economic Events Dec. 2 to 6
Stock and crypto markets were buoyed last week as investors found reassurance in Donald Trump’s pick for the Treasury secretary position, choosing seasoned hedge fund executive Scott Bessent.
However, the Fed’s preferred inflation measure, Core…
