【Market News】According to The Block, Bitcoin is currently hovering below $55,000, while Ethereum is below $2,300. Last Friday, the US non-farm payrolls data was lower than expected, causing the crypto market to decline over the weekend.

As of the time of writing, Bitcoin is trading at $54,744, up 0.64% in 24 hours. Ethereum (ETH) is up 0.17% and trading at around $2,291.

This week, the market will pay close attention to US inflation data and the first presidential debate between Trump and Harris. Augustine Fan of SOFA.org said that the crypto market needs perfect non-farm data to see higher prices, but the current data drags down market sentiment.

Lucy Hu of Metalpha pointed out that lower unemployment rates have eased recession concerns, but employment data still dominates market sentiment. The next week may see more risk reduction due to the lack of positive catalysts.

What do you think of this week's market trends? Welcome to discuss in the comment area!