Next week is a period of intensive US economic data releases, and its directional impact on the crypto market should not be underestimated.

Throughout the cycle, several key economic data points will be unveiled:

**Monday (January 15)** will release the New York Fed Manufacturing Index, kicking off the week.

**Tuesday (January 16)** features two heavyweight data releases—CPI Consumer Price Index, which directly reflects inflation, and new home sales data, both of which warrant attention.

**Wednesday (January 17)** is the busiest day for data. PPI Producer Price Index, retail sales (commonly known as "horrible data" in the market), and existing home sales will be released, likely causing the most volatility.

**Thursday (January 18)** will publish initial jobless claims and the Philadelphia Fed Manufacturing Index, continuing to test the resilience of the labor market.

**Friday (January 19)** concludes with industrial production data.

**Where is the key for the market?** The data combination this week will comprehensively test the true state of the US economy under high interest rates. Especially the CPI and retail sales data, which directly determine market expectations for the Federal Reserve's future policy direction, thereby influencing the liquidity and pricing of cryptocurrencies like BTC, ETH, and other digital assets. Cross-asset volatility is inevitable, so it is recommended to closely monitor market reactions before and after each data release.