The recent plunge of $BTC a few days ago was because in January the Federal Reserve said the probability of interest rate cuts does not exceed 95%, meaning that the U.S. is no longer expected to cut rates 4 times like in 2024.

Reduce interest rate cuts!

Previously, every rate cut would lead to a significant rise, with more dollars flowing into the market, driving increases in the global economy and the cryptocurrency market.

First, look at the U.S. unemployment rate, which is expected to be 4.2%. If the published value is below this number, it indicates that the U.S. market economy is relatively good, with more people employed. A better economy means more people paying taxes, which could prompt the U.S. to raise interest rates. If it is above this value, it may lead to a rate cut to support local businesses in solving employment issues, and that would result in a rate cut.

Then there's non-farm payrolls, which were previously 228,000, and the market expects 160,000. If this value is lower, it proves that the market economy is relatively good, and more funds will flow into the cryptocurrency market, which is a positive sign. If it is high, the U.S. might adopt some other policies to fill this gap. The biggest issue for countries is the people and the economy, which is also why the stock market and cryptocurrency market rise or fall with slight fluctuations.

The above is just my personal opinion and does not constitute any investment advice! #U.S. non-farm payroll data is about to be released