Shoaib raqim

According to CoinMarketCap data, the global crypto market cap is $3.28T, a 0.85% decrease over the last day.Bitcoin (BTC) traded between $92,206 and $95,836 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $94,232, down by 0.75%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include CGPT, AIXBT, and COOKIE, up by 53%, 20%, and 17%, respectively.Top stories of the day:Strategic Bitcoin Reserve Bills Set for U.S. HearingsMeta Urged to Consider Bitcoin Reserves by Shareholder ProposalMorgan Stanley Predicts U.S. Jobs Report to Impact Fed Rate DecisionsInvestors Focus on Upcoming December CPI Data Amid Inflation ConcernsBank Of America Predicts End of Rate Cut CycleFederal Reserve's Goolsbee Suggests Potential Rate Cuts If Economic Conditions StabilizeU.S. December Non-Farm Payrolls Surge to 256K, Far Exceeding ExpectationsBitcoin Spot ETFs Mark First Anniversary with Significant InflowsFear and Greed Index Rises to Greed LevelTrump Released Unconditionally Despite Conviction in Hush Money CaseMarket movers:ETH: $3234.74 (-2.20%)XRP: $2.3584 (+1.95%)BNB: $695.23 (-0.35%)SOL: $185.97 (-3.52%)DOGE: $0.33306 (-1.25%)ADA: $0.9213 (-4.17%)TRX: $0.2424 (-0.37%)SUI: $4.9752 (-2.78%)AVAX: $36.44 (-3.47%)TON: $5.351 (+1.10%)

According to Odaily, the upcoming week will see the release of significant economic data from the United States, including the Producer Price Index (PPI), Consumer Price Index (CPI), and retail sales figures, often referred to as 'scary data.' These releases are anticipated to influence market volatility.On Tuesday at 00:00 UTC+8, the New York Federal Reserve's one-year inflation expectations for December will be announced. Later that day, at 21:30 UTC+8, the U.S. December PPI data will be released, followed by a speech from Kansas City Fed President and 2025 FOMC voting member, Esther George, at 23:00 UTC+8.Wednesday's schedule includes an opening address by New York Fed President and permanent FOMC voting member, John Williams, at 04:00 UTC+8. At 21:00 UTC+8, Richmond Fed President and 2027 FOMC voting member, Thomas Barkin, will deliver a speech. The U.S. December CPI data and January New York Fed Manufacturing Index will be released at 21:30 UTC+8. Additionally, Minneapolis Fed President and 2026 FOMC voting member, Neel Kashkari, will participate in an online regional economic conference at 23:00 UTC+8.On Thursday, John Williams will speak again at 00:00 UTC+8, followed by a speech from Chicago Fed President and 2025 FOMC voting member, Austan Goolsbee, at 01:00 UTC+8. The Federal Reserve's Beige Book, detailing economic conditions, will be published at 03:00 UTC+8. At 21:30 UTC+8, data on initial jobless claims for the week ending January 11 and the December retail sales monthly rate will be released.The Federal Reserve's shift to a more cautious stance has been influenced by encouraging signs in the November CPI report, indicating a slowdown in price increases for housing and broader service categories, which are major contributors to inflation persistence. This suggests the potential for a downward surprise in the CPI data scheduled for release next Wednesday. However, any significant deceleration is more likely to occur in the early months of 2025 rather than in the December CPI data from last year. Before the CPI data release, investors will focus on the U.S. December PPI data set to be announced on Tuesday, while Thursday's attention will be on the retail sales data, known for its significant market impact.