Over the weekend, Bitcoin was priced around $90K to $91K, and has risen to $91,383 as of Monday, Asia time. Ethereum dipped slightly over the weekend and is now hovering around $3,123. Some altcoins, such as Dogecoin, gained over 20% last week, reflecting renewed optimism in the markets.
CoinMarketCap’s Crypto Fear and Greed Index stands at 41, more or less unchanged from last week, as traders remain cautiously optimistic that the market will recover.
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What Traders Should Watch Out for this Week
Based on last week’s data, US December nonfarm payrolls rose 50K, below the 60K estimate, while unemployment edged down to 4.4%, reflecting strong economic growth.
Yet when assessing the entire year, the payroll gains averaged 49,000 a month in 2025, relatively weak when compared to 168,000 in 2024.
The U.S. Senate is going to vote on Jan. 15 on the CLARITY Act, which demonstrates the next move for transparency and accountability in the adoption of cryptocurrencies for the public. Approval could lead to a surge in crypto prices.
For this week, here are the major economic reports and data to be aware of:
- Jan 13 (Tue): NFIB optimism index, U.S. Consumer price index, Core CPI year over year, and U.S. budget deficit
- Jan 14 (Wed): US retail sales delayed report, Core PPI year over year, and U.S. Business inventories (delayed report)
- Jan 15 (Thu): Initial jobless claims and U.S. import prices delayed report
- Jan 16 (Fri): Industrial production and Capacity utilization
