US employment and inflation data tested Bitcoin's support this week

This week, markets are closely monitoring the JOLT job openings data and the Producer Price Index (PPI), which could have a significant impact on the cryptocurrency market, particularly Bitcoin. Labor and inflation trends will shape expectations for interest rate cuts in 2026, which could support investor interest in digital assets.

Key Events of the Week

This week is significant for cryptocurrencies, as several macroeconomic events are expected to set the tone for 2026. Analysts note that the overall trend for December will depend on how these events unfold.

JOLT Job Openings Data

The week begins with the release of JOLT job openings data, scheduled for December 9th. This figure is expected to be close to 7.2 million, indicating strength in the US labor market. Lower data could hint at soft labor conditions, creating more room for rate cuts, supporting liquidity and favoring assets like Bitcoin and Ethereum. At the same time, a higher figure indicates a stronger labor environment and reduces the likelihood of a rate cut in 2026.

PPI Inflation Report

Markets will also be treated to the latest PPI inflation report on December 11. A softer PPI will confirm that inflation continues to decline across various sectors, supporting a positive outlook for risky assets. However, a more compelling figure could prompt temporary caution among investors.

FOMC Decision and Powell's Tone

On December 10, the Federal Reserve (FOMC) will decide on its interest rate. Current market expectations strongly suggest a 25 basis point cut. Analysts note that this result is already being significantly reflected in asset prices, including Bitcoin.

Bitcoin and the Fibonacci Retracement

Currently, Bitcoin is in the key 0.382 Fibonacci zone, which could become an important support or resistance level. If employment and inflation data are favorable, this could support Bitcoin and other cryptocurrencies.

In Conclusion

Therefore, the coming week promises to be decisive for the cryptocurrency market. Employment and inflation data could have a significant impact on investor expectations and Bitcoin's direction. Attention to these events will determine short-term trends and market sentiment.