#数字资产市场动态 Tonight at 9:30 PM, will the crypto market explode?

The US November retail sales data and PPI inflation data are about to be released, along with the Supreme Court ruling on the legality of Trump's tariffs. How intense will this impact be? Simply put, it will directly stir the entire market through three channels: interest rate expectations, liquidity, and policy uncertainty. Short-term volatility is guaranteed to spike, while the medium to long-term trend depends on how the situation develops.

**Data is the primary variable**

If retail sales month-over-month exceed 0.4% or PPI data is high, inflation stickiness will surface—the market will then lower its expectations for rate cuts in 2026. Once that happens, US bond yields and the dollar will strengthen simultaneously, putting direct pressure on cryptocurrencies like Bitcoin. Futures liquidation waves could erupt at any time, and risk capital fleeing is inevitable.

Conversely, weak data will activate rate cut expectations. In the short term, crypto may have a rebound opportunity, but the risk appetite decline caused by recession trades must also be watched. If the data meets expectations, the market will enter a wait-and-see mode, with all eyes on how the tariff ruling is decided.

**If the tariff ruling is uncertain, the market will be uncertain**

All three possible outcomes will intensify capital divergence and volatility. The high-volatility period will be within 1-2 hours after 21:30 tonight. Strict stop-loss measures are essential; chasing gains and cutting losses should definitely be avoided during this time.

From a medium-term perspective, the combination of sticky inflation and tariff implementation will likely lead the crypto market into range-bound oscillations. However, if rate cut expectations restart, institutional buying could push Bitcoin through key resistance levels.

**The industry chain must also move accordingly**

Once tariffs take effect, mining costs for US domestic miners will increase, and global hash power may shift to regions with lower tariffs, significantly impacting the mining landscape.