Odaily Planet Daily News: Singaporean crypto investment institution QCP Capital said that overnight, the downward revision of US non-farm payrolls highlighted the weakness of the labor market, raising concerns that the Federal Reserve may delay rate cuts, triggering a wave of selling. However, the minutes of the July Federal Open Market Committee (FOMC) meeting showed that some policymakers were willing to cut interest rates, which released a more dovish stance aimed at balancing inflation and employment goals, thus alleviating these concerns. This dovish tone boosted risk assets, pushing Bitcoin prices above $61,800, with strong buying on Coinbase continuing until 4 a.m. Singapore time. Aggressive buy orders on Coinbase (indicating domestic demand in the United States) are a good sign for short-term trends. Now, the market's focus turns to Fed Chairman Powell's speech at Jackson Hole tomorrow, expecting more signals about rate cuts. Given that the market is generally betting on rate cuts, unexpected economic data may have a significant impact on the market.