Bitcoin is holding above $93,500, a level the article says has reduced concerns about another leg down. The next target cited is $98,000. Among large-cap tokens, Ethereum is pushing toward $3,300, while XRP is closing in on $2.4 and standing out as the stronger mover. SOL remains slower, though reclaiming $138 is described as an encouraging sign.
U.S. data is driving the near-term setup
The main focus for risk assets is the run of U.S. economic releases due over the next 10 days. Employment and inflation reports are on the calendar, and companies are also beginning to publish earnings. According to the source, stocks started the year with strength, but that momentum has paused as investors wait for data that could offer a clearer read on the first quarter.
Fed expectations are part of that calculation. No January rate cut is expected, but weaker labor and inflation figures could strengthen the case for easing. That matters for crypto because shifts in rate expectations often feed directly into risk appetite. Stock futures were described as steady, offsetting part of the AI-led rise seen in early 2026. European equities were higher, Asian markets were still in a historic rally, and emerging-market stocks had climbed to record levels for the second time.
Buying interest is returning, but volumes are still lagging
The article says crypto investors are turning back into buyers as the holiday season ends, following an extended decline. Sentiment is improving. Trading volumes, though, have not fully recovered, leaving the market in a phase where price strength is visible but broad participation still needs to catch up.
Moves in commodities point to a mixed risk backdrop. Silver was outperforming gold, copper’s rally was losing strength, and oil rose to $62. The report also noted that stocks appeared largely indifferent to ongoing geopolitical tensions in Venezuela. At the same time, most polls referenced in the article suggest the long-running stock market boom may continue.
PMI data, Trump, and Nvidia are on the watchlist
Later in the day, the Services PMI data is due. The article also highlights a speech by Trump scheduled for 6:00 PM at a party event, followed by expected remarks from Nvidia CEO Jensen Huang at 9:00 PM. If Huang opens the year with upbeat commentary, the source says that could help support appetite across risk markets. For crypto traders, macro releases and high-profile corporate commentary remain key short-term catalysts.