1. The White House encryption summit has ended, and all the positive news was announced before the summit. Trump's remarks during the live broadcast were relatively brief, and he did not mention any new policies or new content. The participants' speeches at the summit mostly consisted of 'formalities'.

$BTC subsequently dropped by 3% ten minutes after the summit, hitting a low of 85,000.

The two major positive expectations in the crypto space: reserves and interest rate cuts, have already been partially realized, but there has been little boost to the crypto market, making the future more challenging.

2. Yesterday's announced February unemployment rate was expected to be 4%, but the actual figure was 4.1%, indicating a rise in unemployment, which favors interest rate cuts; the seasonally adjusted non-farm payrolls were expected to be 160,000, but the actual was 151,000, indicating a decline in employment, which also favors interest rate cuts.

However, the positives from both data points are relatively weak, and the market is anew expecting that rate cuts will begin in June, totaling 75 basis points for the year. Rate cuts will also depend on the dot plot released by the Federal Reserve next week.

3. Last night, Federal Reserve Chairman Powell spoke: There is no rush to cut rates until the impact of Trump's policies becomes clearer.

Powell stated that the economy is 'still in good shape', but the data also suggests that consumer spending may slow down.#白宫首届加密货币峰会