Tonight at 21:30, the cryptocurrency market is about to stir! Major data from the U.S. is coming!
Dear cryptocurrency investors, get ready for the impending market turmoil! On January 10, 2025, at 21:30, the U.S. will release the unemployment rate for December and the seasonally adjusted non-farm payroll data for December. The importance of these two key indicators is self-evident, and their impact on the market is profound.
First, let's focus on the December unemployment rate:
The previous value and expectation are both 4.20%. If the published value is lower than expected, it indicates a strong U.S. job market and good economic performance, which may prompt the Federal Reserve to adopt tightening policies, potentially leading to capital flowing out of the cryptocurrency market and causing prices to fall. Conversely, if the data is higher than expected, it suggests a weak job market and potential recession risks, which may lead the Federal Reserve to continue its loose monetary policy or even cut interest rates, possibly attracting capital into the crypto market and pushing prices up.
Next, let's look at the December seasonally adjusted non-farm payroll data:
The previous value was 227,000, and the expectation is 160,000. If the actual data exceeds expectations, it indicates that job growth surpasses expectations, the economy is healthy, and the market may anticipate the Federal Reserve tightening monetary policy, which would bring downward pressure on the cryptocurrency market. Conversely, if the data is below expectations, it suggests insufficient momentum for economic recovery, potentially prompting the Federal Reserve to maintain loose policies, which would provide upward momentum for the crypto market.
Before the data is released, both bulls and bears in the market are maintaining a cautious attitude. Once the data is published, the cryptocurrency market may experience extreme fluctuations in an instant, whether soaring or plummeting, the market response could be very rapid. Investors must closely monitor the data release, prepare trading strategies in advance, and respond flexibly to the upcoming market volatility to ensure asset safety.
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