On Wednesday, (, December 24, ), there are several economic data points worth keeping an eye on, as these indicators often have a significant impact on crypto market sentiment.



At 02:00 AM, the total number of oil drilling rigs in the US for the week ending December 26 will be announced, which can reflect the prosperity of the energy sector. Immediately following, at 02:30, the Bank of Canada will release the minutes of its monetary policy meeting, covering the movements of the Canadian dollar and expectations in the North American market.

At 05:30, the API crude oil inventory data for the week ending December 19 will be released in the United States, and changes in crude oil inventories are closely related to the macroeconomy. Finally, at 21:30, there is a key data point—the initial claims for unemployment benefits for the week ending December 20 in the United States, which is one of the labor market indicators most closely watched by the market, directly affecting the Federal Reserve's policy expectations, and in turn impacting the risk sentiment of crypto assets.

For friends holding ETH and other cryptocurrencies, it is important to pay attention to market fluctuations during the release of these economic data, especially during the period when unemployment claims data is announced.
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GasFeeCrybabyvip
· 12-24 00:38
Another day of data bombardment, I have to hold onto that unemployment benefit, this thing can create the most market movement.
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SlowLearnerWangvip
· 12-24 00:37
So much data again, I definitely won't realize it until the market has finished moving.
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