At 21:30 tonight, the cryptocurrency market may face a big storm! Heavy data from the United States is coming

Investors in the cryptocurrency market, fasten your seat belts! At 21:30 on January 10, 2025, the US unemployment rate in December and the seasonally adjusted non-farm payrolls data for December will be released. The importance rating of these two sets of data is ★★★★★, and their influence cannot be underestimated.

First look at the US unemployment rate in December, the previous value and the expected value are both 4.20%. If the published value is lower than expected, it indicates that the US job market is strong and the economy is improving, which may prompt the Federal Reserve to consider raising interest rates. For the cryptocurrency market, funds may flow from the digital currency market to the traditional financial market, causing the currency price to fall. On the contrary, if the published value is higher than expected, it shows that the job market is not good and the economy is at risk of recession. The Federal Reserve may maintain an accommodative policy or even cut interest rates, and the cryptocurrency market may usher in capital inflows, pushing up the currency price.

Let's look at the seasonally adjusted non-farm payrolls data for December. The previous value was 227,000 and the expected value was 160,000. If the published value is greater than expected, it means that employment growth exceeds expectations and the economy performs well, which may trigger market speculation that the Fed will tighten monetary policy, and the currency market is likely to be under pressure. On the contrary, if the published value is less than expected, it implies that the job market is weak and the economic recovery is insufficient. The Fed may adopt a looser monetary policy, which will bring potential upward momentum to the currency circle.

Before the data is released, both the long and short sides of the market are cautiously laying out. Once the data is released, the currency circle is likely to set off a storm in an instant, whether it is a surge or a plunge, it may happen in a short period of time. Investors must pay close attention to the release of these two sets of data, prepare trading strategies in advance, carefully respond to the upcoming market fluctuations, and protect their assets.