Crypto Week Ahead: Jobs Data and Ethereum Upgrade in Focus

The first week of the year promises to be rather tranquil, but there are some important events that might incline the mood of the crypto market. The second Blob Parameter Only update is scheduled for Jan 7 on the Ethereum network and will increase data size for rollups in its implementation of the Fusaka scaling solution. Voting for the upcoming Fermi hard fork on $BNB Chain is currently in progress for several system parameters.

On the macroeconomic side, focus will escalate towards Friday's jobs data in the United States. Non-farm payrolls are set to report slight increases in jobs added, which might have some effect on risk sentiment in both cryptocurrency and conventional markets. Various other macro metrics such as inflation figures and employment data might inject some short-term fluctuations into markets this week.

Nonetheless, it's been a rather subdued start to the year so far, so markets should remain range-bound pending further macro data insights or network developments.

#USJobData