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ToggleCryptocurrency Market Narrow Fluctuations
Except for the significant rise in AI Agents in the cryptocurrency market over the weekend, most Altcoins have remained in a narrow range. Bit is hovering between $97,000 and $99,000, while Ether is fluctuating between $3,500 and $3,700. The Bit market share has shown signs of stabilizing and a slight rebound, indicating that the overall performance of Altcoins has lagged behind Bit.
Microstrategy Founder Announces Ninth Week Forecast
Microstrategy founder Michael Saylor has been posting tweets related to SaylorTracker.com on X for the ninth consecutive week. Over the past nine weeks, Michael Saylor has been posting similar tweets on Sundays and announcing Microstrategy's Bit purchases on Mondays, which has been seen by the community as a "pre-announcement" of Microstrategy's Bit purchases.
Two Major Events Focused This Week
The key financial events to watch this week are the release of the Federal Reserve's December meeting minutes and the December non-farm payroll report on Friday.
Although the market generally expects the December meeting's dot plot to convey a hawkish message, the meeting minutes will provide a more direct understanding of the Federal Reserve officials' views on the US economic outlook and whether they believe the risks of economic growth slowdown are rising. Particularly, the Federal Reserve's assessment of the inflation outlook and whether they believe inflationary pressures are easing.
On the other hand, economists currently forecast that the US added 154,000 non-farm jobs in December, a slowdown from the previous 227,000, while the unemployment rate is expected to remain at 4.2%.
