Last week, the U.S. economic data released several signals. The unemployment rate at 4.6% exceeded market expectations, while the core CPI year-on-year at 2.6% was actually lower than expected, which is quite an interesting combination. Meanwhile, the Bank of Japan was not idle either, announcing an interest rate hike of 25 basis points.

The global market is gradually entering the rhythm of the Christmas holiday, and trading volume is starting to shrink. However, during this time window, we still need to keep an eye on several key indicators. The final data for the U.S. third-quarter real GDP, as well as the core PCE inflation signal, could create ripples in the market around the holiday. After all, this data directly relates to the Federal Reserve's subsequent policy direction, which has a tangible impact on liquidity and risk appetite in the cryptocurrency market.