Next week we need to pay attention to several major events and time nodes that affect the encryption market:
On December 12, the United States released CPI data for November. It is one of the core data of U.S. inflation and is directly related to the direction of the Federal Reserve’s policy changes. However, I feel that the market fluctuations caused by Tuesday will not be large. After all, there will be more important data released later.
On December 14, the Federal Reserve announced its December interest rate decision statement, which is whether to raise interest rates in December. Of course, regarding the issue of interest rate hikes, it is basically determined that there will be no interest rate hikes. The issue of a small probability of interest rate hikes currently exists, but the probability is too small. Can be ignored.
On December 14, Federal Reserve Chairman Powell held a monetary policy press conference. This was also the Federal Reserve's last public speech in 2023. The press conference was bound to address current inflationary pressures, labor market conditions, and everyone's concern about when the Federal Reserve will cut interest rates. The content of the discussion will directly bring greater fluctuations to the risk market. The most volatile is the US stock market, followed by the encryption market, and may even change the short-term trend of the encryption market.
The release of a new dot plot will also better prove the Fed's future policy changes.
On December 16, FTX submitted a relevant revised restructuring plan. This is basically the progress of FTX restarting 2.0. It will be beneficial to the token FTT in the short term. The recent changes in FTT are also related. Investors in the Japanese market have recently received compensation, and The bankruptcy team has recovered more than 7 billion US dollars, which can be regarded as a better historical process in the restructuring plan.
The above are a few key events and time nodes related to the encryption market that we need to pay attention to next week. I will analyze each important event based on it, so stay tuned!
