Holiday-Thinned Trading Week Brings GDP Data, Crypto Markets Watch Macro Signals
Markets brace for a truncated week as Christmas halts trading Thursday, with early closures Wednesday. Yet crypto traders eye delayed economic reports—third-quarter GDP and durable goods orders—for macro cues. The Bureau of Economic Analysis condenses its usual three GDP estimates into two, with final Q3 figures delayed until January.
Bitcoin and ethereum hover near key levels as institutional players weigh growth data against Fed policy. Meme coins (DOGE, SHIB) and AI tokens (AGI, FET) show atypical correlation to traditional risk assets during thin liquidity.
Exchange volumes dip ahead of holiday: Binance and Coinbase see 15% drop in BTC spot trading. Bybit derivatives open interest holds steady, suggesting Leveraged positions riding out the lull.
