Cryptocurrency markets are under pressure awaiting key economic indicators from the US.
Over the next 45 days, we will likely see delayed reports that could move the market.
Positive data for risk-on assets could trigger a Bitcoin rally towards new highs in Q1 2026.
Cryptocurrency markets have been volatile lately, and traders are now awaiting clear signals from the economy to determine whether risk assets such as cryptocurrencies will recover or continue to face pressure.
The U.S. government shutdown is now over, and the next few weeks could be the difference between whether or not the market makes its next big move.
According to Bull Theory, the next 45 days will be critical. All delayed economic data has been released, and each report can have a direct impact on market movements. Here’s a breakdown of upcoming reports and how they could impact stocks, cryptocurrencies, liquidity, and the Fed’s decision to cut interest rates.
November 20th: September employment report delayed
The postponed September employment statistics will be released on November 20th. A rise in the unemployment rate would confirm an economic slowdown and increase the likelihood of a Fed rate cut, which would have a positive impact on risk assets such as cryptocurrencies.
But if unemployment remains low, there is no immediate reason for the Fed to cut rates, and markets are becoming cautious.
November 26: Q3 GDP Update, Personal Income, Expenditures, PCE (October)
These reports reveal trends in growth, wages, and inflation. Slower GDP growth and slower inflation mean demand is cooling. That would give the Fed more room to ease policy, which would be good for markets.
However, strong growth and sustained inflation will delay rate cuts and keep pressure on risk assets.
December 5: November non-farm payrolls
The first complete labor statistics since the shutdown will be closely watched.
Slower job growth would signal a slowdown in economic activity, supporting stock and crypto markets. However, if job growth is strong, the Fed could remain patient and market volatility could increase.
December 10, 11: November CPI and PPI report
These reports will shape expectations for monetary policy in the first quarter of 2026.
Lower inflation would provide grounds for rate cuts and improve the liquidity outlook. But if inflation rises, the Fed could maintain its tightening stance, creating short-term pressure on risk assets.
December 19: Q3 final GDP, November personal income and expenditures, used home sales
This data provides a comprehensive view of economic activity and the housing market. A low reading suggests cooling. But stronger numbers suggest economic resilience, and rate cuts may be further down the road.
What does this mean for cryptocurrencies?
The government shutdown left markets largely speculating, as the release of many key economic indicators was delayed.
But these reports will show how the Fed acts, how liquidity may change, and whether investors have confidence in riskier assets like stocks and cryptocurrencies. And if the data favors risk-on assets, Bitcoin could make a strong rebound and hit a new all-time high in the first quarter of 2026.
