U.S. President Donald Trump stated on Sunday that he has identified his nominee for the next Fed chair, after he had previously indicated that he expects the nominee to push for interest rate cuts. Global stock and bond markets are under pressure at the start of December, with the fall of Bitcoin dampening market sentiment. The Bank of Japan's statements also added pressure, leading to a decline in European stocks and pressure on U.S. stock futures, as the market focuses on key economic data from the U.S. this week.

On Monday (December 1), Bitcoin once fell below the $85,000 mark, and the cryptocurrency market experienced a significant downturn, reigniting the downward momentum of a large-scale sell-off that had seemed to have gradually calmed down.

This week will welcome a key data window for the momentum of the U.S. economy, as policymakers are considering the interest rate trajectory for 2026. This data may affect the market's expectations on whether the Fed will continue its rate cut cycle $BTC $ETH #十二月行情展望 .