The recent sharp decline was due to the Federal Reserve stating a less-than-95% probability of rate cuts in January, implying that the US is not planning to cut rates four times like in 2024.
Reduce rate cuts!
Previously, each rate cut would lead to a surge, with more US dollars flowing into the market, driving the rise of the global economy and the cryptocurrency sector.
First, look at the US unemployment rate, which is expected to be 4.2%. If the published number is lower than this, it indicates a better economy with more people employed. A stronger economy with more taxpayers may prompt the US to raise rates. Conversely, if the number is higher, it may lead to rate cuts to support local businesses in addressing employment issues.
Then there’s the non-farm employment figure, which was 228,000 previously, and the market expects 160,000. A figure below this indicates a healthier market economy, likely leading to more funds flowing into the cryptocurrency sector, which is positive. If it's higher, the US may implement other policies to fill this gap. The biggest issue for all countries is the people and the economy, which is why even slight fluctuations in the stock market and cryptocurrency market can cause them to rise or fall.
The above is just a personal opinion and does not constitute any investment advice!#美国非农数据即将公布