On January 8th, the global cryptocurrency market needs to focus on a series of key economic data released in Europe and the United States. The results of these data releases will have a significant transmission effect on the price trends of cryptocurrencies.

From the European market perspective, the economic data disclosed this time will be linked to market expectations of the European Central Bank's future monetary policy, thereby disturbing the fluctuations of the US dollar index. Under the current global financial system, the US dollar's movement has a strong negative correlation with cryptocurrency prices; fluctuations in the dollar index will directly influence the price rises and falls of mainstream coins such as Bitcoin and Ethereum.

The housing price data released by the UK should not be overlooked either. The changes in housing prices will directly reflect the health of the UK real estate market and subsequently influence the overall risk appetite of market investors. When risk appetite increases, funds tend to flow into high-risk assets like cryptocurrencies; conversely, funds will withdraw from the crypto space and shift toward low-risk safe-haven assets.

Looking at the US market, the economic data released this time and the latest inflation expectations will be key indicators for market judgment of the Federal Reserve's next policy move. If the data indicates high inflation pressure, the market is likely to reinforce expectations that the Federal Reserve will maintain high interest rates or even raise them, which will suppress risk assets like cryptocurrencies; if the data shows a slowdown in economic growth and easing inflation pressures, market expectations for the Fed to cut interest rates will rise, thereby providing a boost to the crypto market. $BTC #GateAI正式上线