Tonight will decide the fate of the cryptocurrency world.
Will the U.S. fall into recession? Are the concerns about the financial crisis true? The big non-farm payrolls will tell tonight.
Yesterday's small non-farm payrolls, such as ADP, were all minor, but the results were shocking. ADP's new employment plummeted to 99,000, a record low in three and a half years, which put tonight's non-farm payrolls under great pressure.
Rationally speaking, if ADP plummets, the probability that the big non-farm payrolls will be lower than expected is quite high. And this afternoon, there was the Ethereum Foundation's 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 is the U.S. Department of Labor, which is issued by ZhengFu. With the election imminent, will the big non-farm payrolls be "beautified"?
I think it would be a blessing if it can meet expectations tonight, and the high probability is actually lower than expected. $BTC $ETH $BNB #非农就业数据即将公布 #美联储何时降息? #以太坊基金会 #英伟达财报 #新币挖矿DOGS