BTC is still much stronger than ETH. We talked about unemployment data last night. Plaza also released it. I don’t know why it didn’t release it. Overall, although the data is a bit bearish about the probability of interest rate cuts, it should be considered a positive. Interest rate cuts are the general trend. This has a small impact, and the positives outweigh the negatives!
It is good for the US economy, US stocks and the cryptocurrency circle. BTC and ETH both have ETFs, and basically follow the US stocks. US stocks and ETFs all fell sharply before the market, so there should be inertial pins, and Grayscale’s market smashing force is not as strong as before. It started to rise after 22:00. Except for the point difference, the overall trend judgment is consistent.
The trend of the US market in the evening will directly determine the trend of the cryptocurrency circle. In the future, you should still pay attention to the US stock market at night except for the weekend.
