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The market trends over the past week have been complex and volatile. U.S. initial jobless claims data exceeded expectations, with 214,000 claims reported for the week ending December 20th, which is generally seen as a positive signal for the economic fundamentals. Meanwhile, spot gold faced downward pressure, briefly falling below $4,460 per ounce, with a daily decline of 0.59%, easing risk aversion sentiment.
Institutional movements are worth noting. BlackRock recently transferred 2,292 BTC and 9,976 ETH to a major exchange, reflecting ongoing interest from large asset management firms in digital asset allocation. In contrast, on-chain activity showed what appears to be a whale unstaking 96,000 ETH and transferring it to an exchange, hinting at potential rebalancing or profit-taking expectations.
On the macro front, the strengthening dollar pushed the offshore RMB above the 7.0 threshold, while U.S. stocks hit new highs — the S&P 500 index reached a record high of 6,921 points intraday, indicating a generally warm risk asset sentiment. Rumors about the Federal Reserve chairperson candidate are also circulating in the market, with Wall Street predicting Kevin Hasset may be the successor. These developments are shaping the macro environment of the cryptocurrency market.