December 19th is a key date for the global financial markets, as multiple central banks and economies will release major data, which will have a profound impact on the subsequent trend of the crypto market.

On the macro front, US economic data continues to improve. November CPI was better than expected, and the White House National Economic Council Director stated that the Federal Reserve still has significant room to cut interest rates, providing support for risk assets. The European Central Bank chose to hold steady, while the Bank of England has cut interest rates by 25 basis points. The overall global liquidity environment remains relatively loose.

Today’s central bank schedule is packed. Japan will announce interest rate decisions (market widely expects a 25 basis point hike), core CPI, and a press conference by the central bank governor at multiple times. The Eurozone, UK, Canada, and other economies will also release important economic indicators— including consumer confidence index, retail sales, PPI, etc. These data will directly influence the subsequent policy expectations of each country’s central bank.

Of particular note is that Trump Media & Technology Group plans to acquire a fusion startup, causing its stock price to surge over 40%, reflecting market enthusiasm for emerging technology sectors. The performance of such risk assets is often positively correlated with the crypto market.

The US market will also release the December final Michigan Consumer Sentiment Index and existing home sales data in the evening Beijing time. Overall, the global liquidity outlook remains relatively loose, which supports risk appetite for cryptocurrencies like ETH. Investors are advised to closely monitor the full-day data release schedule.