This week's employment report could be a major market mover. The latest jobs data has held up reasonably well, while inflation figures are showing encouraging signs.

The key watch points are JOLTS data and Initial Jobless Claims. If both come in softer than expected, it significantly raises the probability of the Fed cutting rates in January. A weaker labor market reading could be the catalyst.

For crypto markets, this scenario would be particularly bullish. Lower interest rates typically reduce the opportunity cost of holding non-yielding assets like Bitcoin and other digital currencies. Traders are closely monitoring these economic releases for clues on monetary policy direction.