The cryptocurrency markets, alongside the general financial domain, are up for a volatility spike in the next 48 hours. The US markets may encounter sharp, sudden movements as the markets brace for JOLTS data alongside the FOMC updates scheduled to roll out on December 9 and 10, respectively. Will the markets undergo further volatility and fluctuations?
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Next 48 Hours: Crucial Time for US Markets
According to the latest post by Crypto Rover, the cryptocurrency domain is about to encounter sudden volatility as markets brace for US labor data (JOLTS) to come out on December 9th. The data will deliver an insight into the robustness of the labor market. Weak JOLTS data will indicate a weakening jobs stance, impacting both the dollar and the crypto domain transactions and inflows.
“BIG WEEK AHEAD FOR CRYPTO HOLDERS. The upcoming week will decide the crypto market direction for this month, and here are some major events. On Dec 9, the JOLTs job openings data will be released with an expectation of 7.2M. It tells us how strong the labor market really is. Below 7.2M = weakening jobs → more rate-cut room → bullish for liquidity. Above expectations = Labor market recovering, which will lower the rate cut odds in 2026.”
On December 10, the markets are anticipating an interest rate cut decision with a 94% probability of a 25 bps cut. If this happens, the US markets, including crypto and the dollar, may encounter sharp moves, with investors scurrying to park their assets into stable assets like gold and silver.
“On Dec 10, the FOMC rate cut decision will happen. The market is expecting a 25 BPS rate cut with a 94% probability. This means the rate cut has been almost priced in, so it won’t move the markets much. The real market-moving moment is Powell’s speech. Bank of America expects Powell to hint at “reserve management purchases,” meaning fresh liquidity injections to stabilize small-bank funding stress. This would help normalize SOFR and support liquidity across markets. If Powell sounds dovish and says that inflation is calming, tariffs haven’t changed the trend, and labor is softening, it’ll give markets the green light to expect more cuts. But if he sounds hawkish, similar to the last FOMC meeting, Bitcoin and alts will dump.
December 11: PPI Data Analysis
Crypto Rover later shared how December 11 may begin with the dissection of PPI data. The portal later shared how Powell’s hawkish stance could usher in more pain for the markets, while the opposite may help stabilize both domains.
“On Dec 11, PPI inflation data will be released. Hot PPI = Short-term risk-off. Soft PPI = Confirms inflation is cooling → bullish. Why does this matter for BTC and alts? Bitcoin prices move with yields and the dollar. Lower yields = BTC up. Weaker dollar = BTC up. Higher liquidity = BTC up. When Powell turned dovish in past cycles and inflation softened, BTC was the first asset to rally. ETH follows next, and altcoins gain strength once liquidity expectations rise. If Powell delivers a dovish message and softer inflation, Bitcoin could break out of its current range, and altcoins could finally catch a trend. If he turns hawkish, there’ll be more pain in the markets.”
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