Cyber Monday Sales and Labor Data to Test Market Sentiment Amid Crypto Volatility
U.S. equities enter December on a strong note as traders parse Black Friday sales data and await November labor metrics delayed by government shutdowns. Salesforce’s projected $78B in holiday e-commerce volume could signal consumer resilience—a key factor for crypto markets given historical correlations between retail sentiment and altcoin performance.
Key earnings from cybersecurity firm CrowdStrike may MOVE tech-linked tokens (SOL, FIL, AI) while dollar store results illuminate spending trends impacting stablecoin flows. The Michigan consumer sentiment survey Friday could catalyze volatility in risk assets, particularly memecoins (DOGE, SHIB, PEPE) and layer-1 protocols (ETH, DOT).
Market makers eye Fed credit data for institutional positioning clues. Exchange inflows at Binance and Coinbase suggest accumulation among top-tier assets (BTC, ETH) despite recent ETF outflows.
