The US non-farm payroll data has just been released, showing an actual increase of 50K jobs, well below the market expectation of 66K, with the previous figure at 64K. The unemployment rate was reported at 4.4%, slightly better than the expected 4.5%, but down from the previous 4.6%.

This set of data reflects signals of a slowdown in the US labor market. Non-farm employment figures falling short of expectations indicate a weakening of economic growth momentum. Although the unemployment rate has slightly risen to 4.4%, the overall employment market still appears weak. For the cryptocurrency market, such macroeconomic data can influence the Federal Reserve's future policy direction, which in turn can trigger chain reactions in asset allocation. Markets typically adjust their expectations for interest rate policies based on employment data strength, so investors should pay attention to the subsequent stance of central banks.