The number of non-farm payrolls in the United States increased by 142,000 in August,

hitting a new low since June this year, and the first decline since rising for four consecutive months.

The probability of a 50 basis point interest rate cut in September is about 55%, which is a high probability event!

The financial market is making waves again today! The latest non-farm payrolls report released by the U.S. Department of Labor in August has become the focus of market discussion. Data showed that the number of non-farm payrolls increased by only 142,000 that month, far below the market expectation of 165,000, and also failed to continue the growth momentum of the previous month. This unexpectedly weak data undoubtedly injected a shot of adrenaline into the digital currency market.

[Unemployment rate hits a new low, market reaction is complicated] Although employment growth was lower than expected, the unemployment rate in the United States unexpectedly fell to 4.2% in August, which was in line with market expectations and hit a new low since June this year. This is the first decline in the unemployment rate after four consecutive months of increase, showing that the U.S. job market still shows a certain resilience after experiencing twists and turns. However, this good news did not completely offset the market's concerns about the driving force of economic growth, but instead intensified the market's speculation about the Fed's monetary policy adjustment.

[Expectations of interest rate cuts soar, a carnival night in the cryptocurrency circle] Interest rate futures traders quickly captured this change and adjusted their expectations for the Federal Reserve's September interest rate meeting. At present, the market generally believes that the probability of the Federal Reserve cutting interest rates by 50 basis points in September has soared to about 55%, while the probability of a 25 basis point cut has dropped to 45%. This change has undoubtedly brought unprecedented benefits to the digital currency market, and investors have flocked to the market.

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