The interaction between the crypto market and the macroeconomy from late December to early January has become particularly interesting.

First, let's look at the actions of the Federal Reserve. On the last day of the year (December 31st at 3 a.m.), they will release the minutes of the monetary policy meeting, which will undoubtedly influence market sentiment. Meanwhile, the Federal Reserve has already injected $16 billion in liquidity, the second-largest operation since the COVID-19 pandemic began, highlighting the importance of current market liquidity.

Bitcoin's performance is also worth noting. Last Monday, it broke through the $90,000 mark. Among the factors driving this rally, the cooling of hopes for peace between Russia and Ukraine has played a significant role—easing geopolitical tensions typically boost the appeal of risk assets.

In the short term, liquidity is facing contraction pressures during the New Year week, causing the crypto market to remain volatile. This period presents both risks and opportunities, requiring close attention to actual liquidity changes and micro-market reactions.