The impact of non-agricultural data
Then, the impact of non-agricultural data on the encryption market may be as follows:
Market expectations adjustment:
Non-agricultural employment data is an important indicator of the health of the country's economy. Higher-than-expected job growth could bolster market confidence in the U.S. economy, which could have a positive impact on risk assets, including crypto markets. However, the small rise in unemployment may cause some concern.
Monetary policy expectations:
The Fed considers employment data when setting monetary policy. If job growth is strong, the Fed may be more inclined to raise interest rates to curb inflation. Rising interest rates typically make the U.S. dollar stronger, which could weigh on crypto markets as investors may shift funds from riskier assets to safe-haven assets such as the U.S. dollar.
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Cryptocurrency correlation with traditional markets:
The relevance of crypto markets to traditional financial markets, such as the stock market, is constantly changing. Cryptocurrency markets may be more responsive to macroeconomic data during certain periods, while they may be relatively independent during other periods. Currently, cryptocurrency markets may not react as directly to non-farm payrolls data as traditional markets.
1. Inscription/ORDI, SATS, RATS Inscription Token Product
ORDI and SATS, for example, are a special type of token based on the Bitcoin blockchain. These tokens leverage Bitcoin’s Ordinal protocol, which allows digital content to be recorded, identified and archived on Bitcoin’s satoshis (the smallest unit of Bitcoin), creating unique digital artifacts. ORDI is the main promotion of Binance!
2. Meme coins/DOGE, BONK, MEME, PEPE
Meme coins, as the name suggests, are cryptocurrencies derived from Internet culture, memes or popular anecdotes. These currencies are generally not meant to solve major world problems, but for fun and spreading fun.
The market for meme coins is largely driven by the sentiment of the community and popular trends in internet culture, which also gives them a niche in the cryptocurrency market.
3. Artificial Intelligence/FET, WLD
With the development of artificial intelligence technology, related encryption projects have also begun to appear. These projects aim to enhance the capabilities of AI and improve the transparency and security of data processing and calculations through blockchain technology.
4. Public chain/ADA, AVAX, EGLD, NEAR, TIA public chain
Also known as a public blockchain, it refers to a decentralized network that anyone can participate in. These projects, such as Cardano (ADA), Avalanche (AVAX), Elrond (EGLD), and NEAR Protocol (NEAR), aim to provide solutions that are different from Ethereum, characterized by scalability, security, and decentralization.
5. Infrastructure/LINK, UNI, AR, RNDR, MKR
These tokens represent infrastructure projects of the cryptocurrency ecosystem, such as decentralized finance (DeFi), decentralized storage, and other key technologies and services that support the operation and development of the network.
6. New epic/SEI, SUI
New narratives may refer to emerging concepts or storylines in the cryptocurrency market, where emerging projects seek to solve existing problems or open up entirely new market segments in innovative ways.
7. Binance New Coin/PIXEL, STRK
These may be new coins recently listed on major cryptocurrency exchanges like Binance. The listing of new currencies often attracts market attention and speculation.
8. Decentralized Finance/SNX, COMP, LDO, SNX
Decentralized Finance (DeFi) is a general term for financial tools and services based on blockchain technology, aiming to create a financial ecosystem that operates without traditional financial intermediaries.
9. Grayscale Fund Positions/MANA, LPTMANA, LPT
Grayscale's products allow investors to buy and sell cryptocurrency-related products such as Bitcoin and Ethereum in the stock market. Why is everyone optimistic about the currencies held by Grayscale? First, Grayscale’s historical gains are impressive, especially the Bitcoin Trust, which has seen staggering gains since its launch.
