Cryptocurrency assets are experiencing a strong upward trend, with the market focusing on the timing of the FOMC meeting and employment data.

The global financial markets have been turbulent recently, with risk aversion and technological optimism intertwined, leading to divergent trends across multiple asset classes. Here are the current market highlights worth noting.

Bitcoin Continues Rally, Ethereum Moves Higher

Digital assets continue their upward momentum. Bitcoin has maintained an upward trend over the past several trading days, with the latest price reaching $96,910, up 1.95% in the past 24 hours. Market participants believe that sustained institutional inflows are the main driver—data shows that U.S. spot Bitcoin ETF has recently experienced significant net capital inflows. Additionally, optimistic outlooks in the AI sector also support digital assets.

Ethereum’s performance is equally impressive, currently priced at $3,360, up 2.19% in the last 24 hours. The simultaneous rise of the two major cryptocurrencies reflects a generally bullish market sentiment towards crypto assets.

Precious Metals Surge as Geopolitical Risks Boost Safe-Haven Buying

Changes in international situations have triggered a surge in safe-haven capital. Gold and silver both soared, with gold rising to around $4,432 per ounce, and silver climbing to $76.02 per ounce. Geopolitical tensions have increased investor demand for traditional safe-haven assets.

Stock Index Futures Slightly Up, Tech Stocks Lead Gains

The outlook for the U.S. stock market remains optimistic. All three major stock index futures are trending higher, with Dow futures up 0.02%, S&P 500 futures up 0.21%, and Nasdaq 100 futures up 0.51%. Tech giants are generally rising, with NVIDIA up 0.69% and Tesla increasing 1.26%. The energy sector also shows strength, with oil stocks rising pre-market.

Crude Oil Faces Downward Pressure Amid Oversupply Expectations

Despite geopolitical fluctuations, crude oil prices have not risen but instead face downward pressure. WTI crude oil has fallen to $57.11 per barrel, and Brent crude has dropped to $60.52 per barrel. The reason behind this is that global oil-producing countries still have ample capacity, and the International Energy Agency forecasts a record global oil supply surplus by 2026, exerting long-term downward pressure on prices.

Upcoming Economic Data Releases and FOMC Meeting Timing to Watch

In the coming days, U.S. economic data will be released sequentially. On January 7, the U.S. will publish the December ADP employment report; on January 9, the U.S. non-farm payroll data will be announced. These labor market indicators will directly influence market expectations for Federal Reserve policies and thus impact financial markets.

Additionally, investors should continue to monitor the timing of the FOMC meetings and related policy signals, as the Fed’s policy stance will significantly influence the prices of cryptocurrencies, stocks, commodities, and other global assets.

Overall, the current market is driven by multiple factors including geopolitical risks, economic data, and FOMC expectations, with both digital and traditional financial assets trending upward together. Investors should closely follow upcoming employment reports and Federal Reserve policy developments.