#加密市场回调 So what exactly is the reason for the sudden plunge in the cryptocurrency market? This has to do with a series of economic data. The latest report from the United States shows that initial unemployment claims are at 221,000 (expected 226,000, previous value 225,000). The labor market still seems strong, but strangely, the probability of the Federal Reserve lowering interest rates in September has actually increased, with the current market estimating the probability of a rate cut soaring to 87.3% (a significant increase of 6.3% compared to last week). The underlying logic is as follows: on one hand, the PPI inflation data dropped from the previous value of 0% to an expected -0.1%, coupled with Trump's adjustments to certain tariff policies, showing signs of a soft landing for the economy; on the other hand, although the unemployment claims data looks good, it is not strong enough to prevent the Federal Reserve from lowering interest rates. This delicate balance fills the market with expectations of a rate cut.