Bitcoin Falls to $87,000 Ahead of Key Fed Data
In this context, the S&P 500 is up 0.32%, the tech-heavy Nasdaq Composite gains 0.25%, and the Dow Jones Industrial Average rises 0.28%.
Quick overview
- Bitcoin is currently priced at $87,846 and is experiencing limited movement as it awaits market signals for direction.
- Ethereum has decreased by 1.1% to $3,052, while most altcoins are in negative territory, with TRON being the only gainer at 1.9%.
- Key upcoming U.S. economic data and speeches from Federal Reserve officials are expected to influence market sentiment and interest rate expectations.
- Traditional markets show slight gains, but investor caution remains due to significant central bank decisions and economic data releases this week.
The leading cryptocurrency showed little movement over the past week and is now waiting for market signals to gauge its next direction.
The cryptocurrency market is trading with limited moves at the start of Monday’s session. Bitcoin (BTC) is priced at $87,846, according to Binance, amid a backdrop of moderate risk appetite. Ethereum (ETH) is also lower, down 1.1% at $3,052.
Altcoins are broadly in negative territory. TRON (TRX) stands out as the sole gainer, up 1.9%, while most other tokens are trading lower.
Focus on Fed data and signals
In recent sessions, Bitcoin has struggled to gain traction, with investors reluctant to take on new positions. That said, several key releases are expected to shape interest rate expectations in the days ahead. Upcoming U.S. employment data, weekly jobless claims, November inflation figures, and preliminary December PMI readings will help determine the strength of the U.S. economy.
In addition, speeches by Federal Reserve officials Stephen Miran and Christopher J. Waller will be closely watched for clues on the future path of rates.
Markets are also bracing for policy decisions this week from the Bank of Japan, the Bank of England, and the European Central Bank, after recent central bank meetings further eroded confidence in risk assets.
Traditional markets
Wall Street futures point to a rebound after last week’s sharp losses. Still, caution prevails among investors, as the week is packed with major central bank decisions and the release of lagging U.S. economic data.
In this context, the S&P 500 is up 0.32%, the tech-heavy Nasdaq Composite gains 0.25%, and the Dow Jones Industrial Average rises 0.28%.
Top gainers include KLA Corp (+5%), Gardner (+4.6%), and Akamai (+4.3%). On the downside, the steepest losses are seen in ServiceNow Inc (-8.35%) and CoStar (-4.51%).
Looking toward the final stretch of the year, major Wall Street indices are posting broad gains in 2025 and remain near record highs. Over the past year, the Nasdaq is up 16.40%, the S&P 500 has gained 12.83%, and the Dow Jones is higher by 10.56%.
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