《Explosive! U.S. Employment Data Shocks, Is the Crypto Market About to Change Dramatically?》

Friends in the crypto space, Caiyue is back with some major news for you! The latest U.S. employment data is quite eye-catching, and today, Tege will thoroughly interpret how this data will impact the crypto market.

The data released this time is the number of initial unemployment claims in the U.S. for last week. The market originally expected 221,000 people, but the actual number reached 226,000, which not only exceeded expectations but also showed an increase from the previous week. This undoubtedly sends a strong signal: the U.S. job market seems to be a bit 'chilly,' and the pace of hiring by companies may be slowing down.

Why should we in the crypto space pay close attention to this data? There are quite a few insights here. Employment data is closely linked to the movement of the U.S. dollar. When employment data is poor, the market starts to speculate whether the U.S. economy is heading downhill, whether the Federal Reserve will slow down the pace of interest rate hikes, or even enter a rate-cutting mode. Once such expectations form, it’s like a stone thrown into a calm lake, creating ripples. The U.S. dollar often becomes 'wobbly' and shows signs of weakening.

A weakening dollar is certainly great news for inflation-resistant assets like gold, silver, and crude oil. The crypto market will also feel the impact of this wave.

In the ever-changing battlefield of the crypto space, opportunities and risks always coexist. Caiyue's insights are sharper than a dealer's scythe! Follow @财月女神 , and Caiyue will teach you how to take the initiative in this wave of market changes, turning the tables and reaping rewards as we ride the waves of the crypto market together!