For the cryptocurrency market, the impact of the latest lower-than-expected unemployment data in the United States is mainly reflected indirectly in the market through macroeconomic policies, especially the monetary policy of the Federal Reserve. The following are potential positive and negative effects:

Positive effects:

1. Increased economic stability: A strong job market means a healthy overall economy, market sentiment may be more positive, and investors may increase their interest in crypto assets.

2. Funds flow into risky assets: If unemployment data indicates that the economy is in good condition, investors may continue to chase high-yield assets, and cryptocurrencies as high-risk and high-return assets may attract more funds.

Negative effects:

1. Rising expectations of interest rate hikes: An overheated job market may prompt the Federal Reserve to accelerate the pace of interest rate hikes and curb inflationary pressures. Interest rate hikes are usually bad for cryptocurrencies because they may lead to a stronger dollar and higher yields in traditional financial markets, weakening demand for cryptocurrencies.

2. Reduced liquidity: Interest rate hikes will increase borrowing costs and reduce liquidity in the market, which may lead to capital outflows from the cryptocurrency market and greater price volatility.

Overall view:

The cryptocurrency market is highly sensitive to changes in global monetary policy, especially the Federal Reserve's interest rate hikes or rate cuts. If the unemployment data triggers expectations of rising interest rate hikes, the crypto market may face short-term pressure. On the contrary, if the market believes that economic fundamentals are solid but will not quickly trigger interest rate hikes, it may bring positive investment sentiment and support the rise of crypto assets. #美联储何时降息？