Tonight will decide the fate of the cryptocurrency world.
Whether the United States will decline or not, and whether the concerns about the financial crisis are true, will be revealed in the big non-farm data tonight.
Yesterday's small non-farm ADP and other data were all minor, but the results were shocking. The number of new jobs added by ADP plummeted to 99,000, a record low in three and a half years, which put tonight's non-farm data under great pressure.
Rationally speaking, if ADP plummets, the probability that the big non-farm data will be lower than expected is quite high. And this afternoon, there was the Ethereum Foundation sell-off that I mentioned, causing ETH to fall 3%.
However, ADP is a private company's employment data survey, which is more objective and neutral, while tonight's data is released by the U.S. Department of Labor, which is issued by the government. With the election imminent, will this big non-farm data be "beautified"?
I think it would be a blessing if it can meet expectations tonight, and the high probability is actually lower than expected.