BlockBeats news, on February 11, according to CME's "FedWatch" data, prior to the release of tonight's U.S. non-farm payroll and unemployment rate data, the probability of the Fed cutting interest rates by 25 basis points in March is 21.7%, while the probability of maintaining rates unchanged is 78.3%.
The U.S. Bureau of Labor Statistics will release the U.S. January seasonally adjusted non-farm payroll data and U.S. January unemployment rate data at 21:30 (UTC+8) tonight, with the expected U.S. January seasonally adjusted non-farm payroll at 70,000 and the expected U.S. January unemployment rate at 4.40%.
Ahead of the upcoming release of key U.S. employment and inflation data, investors have become more cautious, causing Bitcoin and other cryptocurrencies to decline. Analysts say the market is currently in a consolidation phase, awaiting clearer guidance on the direction of interest rates. Meanwhile, demand for hedging against downside risks in crypto-related stocks such as Coinbase and MicroStrategy is rising.

