U.S. December economic data released: consumer confidence rebounds, manufacturing index stops falling and begins to rise.

[Coin World] The U.S. economic data for December has just been released, and the market reaction is mixed. First, let's look at the consumption side—The Conference Board Consumer Confidence Index reported 89.1, which, although not as strong as the expected 91, has still rebounded somewhat from the previous month's 88.7. The revised prior value even reached 92.9. This indicates that consumer sentiment is fluctuating.

Looking at the manufacturing sector, the situation is relatively optimistic. The Richmond Fed Manufacturing Index in the U.S. rose to -7 in December, which is not only better than the expected -10 but also a significant improvement from the previous value of -15. Although it is still in negative territory, this rebound indicates some signs of recovery.

Overall, consumption and manufacturing are both easing, but they have not returned to particularly strong levels. This will continue to affect the risk sentiment in the cryptocurrency market.