The crypto assets market is likely to experience significant fluctuations tonight. The U.S. Department of Labor will release the latest initial jobless claims data at 8:30 PM, which may have a major impact on the Fed's interest rate decision in September, subsequently affecting the entire crypto assets market trend.

Currently, the market generally expects the possibility of a rate cut by the Fed to be as high as 87.2%. However, whether this expectation can come true largely depends on the upcoming employment data.

If the data shows a weak job market that exceeds expectations, it may increase the pressure on the Fed to cut interest rates. In this case, the US dollar may depreciate, liquidity will increase, which is expected to boost the Crypto Assets market.

On the contrary, if the employment data performs strongly, it may lead the Fed to delay its interest rate cut decision. This will strengthen the dollar and cause funds to flow out of the crypto market, likely triggering a decline in digital currency prices.

It is worth noting that tonight's data release is just the prologue. The real key moments will be at the Fed's Federal Open Market Committee (FOMC) meetings on September 17 and October 29. If tonight's data confirms the expectation of interest rate cuts, a so-called "rate cut bull market" may occur in September; otherwise, the market may fall into repeated fluctuations.

Regardless, the cryptocurrency market is bound to be restless tonight. Bitcoin may test key support levels, while other cryptocurrencies may also experience fluctuations. Market participants should closely monitor developments and be prepared to respond to market fluctuations.

At this moment filled with uncertainty, investors need to remain calm, closely monitor market trends, and manage risks rationally. The future market trends will largely depend on the Fed's policy orientation, which is closely related to economic data. Let's wait and see how tonight's data will affect this ever-changing Crypto Assets world.