The upcoming US employment report is regarded by the market as an important macro variable influencing short-term crypto trends. As investors bet on the US economy “cooling down but not slipping into recession,” mainstream crypto assets such as Bitcoin, Ethereum, XRP, and Solana are under close watch.
According to the US economic calendar, the December non-farm payrolls data will be released on Friday. The market generally expects US job additions to slow to about 73,000, with the unemployment rate possibly easing slightly from 4.6% in November to 4.5%. Although the number of new jobs is higher than the previous figure, the overall cooling trend in the labor market is quite clear, which is often interpreted as a relatively risk-friendly signal.
The previously released JOLTS job openings data also reinforced this expectation. The data shows US job openings have fallen to about 7.1 million, significantly below the market expectation of 7.6 million, reflecting weakening hiring demand from companies. Historical experience indicates that a softening labor market often boosts market expectations for the Federal Reserve to slow down tightening or even cut rates, which is a key macro backdrop driving strength in cryptocurrencies like Bitcoin and Ethereum.
Currently, the cryptocurrency market is at the intersection of technicals and sentiment. The overall market cap has fallen back to approximately $3.08 trillion, with short-term pressure evident. Bitcoin is oscillating around $90,000, a level considered a critical psychological and technical resistance. If the employment report reinforces easing expectations, Bitcoin may regain upward momentum; conversely, if the data is relatively strong, short-term correction risks remain.
Ethereum has declined about 4% in the past 24 hours, XRP has fallen to around $2.11, with a single-day drop exceeding 7%. Solana, although still maintaining about a 9% weekly gain, has also experienced a short-term pullback, indicating cautious capital behavior ahead of macro data releases.
Overall, the US employment report could serve as an important trigger for short-term market movements. If the data confirms a cooling trend in the labor market, mainstream cryptocurrencies like Bitcoin, Ethereum, XRP, and Solana may see a window for sentiment recovery and increased volatility. For investors, the resonance between macro data and key price levels may determine the next phase of market direction.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
South Korean drug crime suspect Park Wang-yeol was handed over to prosecutors, and authorities will investigate his Bitcoin transaction records
Park Wang-yeol was referred to prosecutors over allegations of large-scale drug trafficking from the Philippines. During the period from November 2019 to July 2024, he was involved in smuggling illegal drugs, generating illegal proceeds totaling 6.8 billion won and bringing the total crime scale to 13.1 billion won. Police will pursue his concealed funds and records of Bitcoin transactions.
GateNews8m ago
CryptoQuant: Bitcoin derivatives market dominated by short positions, and the positioning index falls to -3.1
In recent weeks, the Bitcoin derivatives market has been dominated by shorts. The positioning index has continued to fall, and the price has dropped from $73,925 to $66,603. Long positions are facing strong liquidation pressure; the market lacks reversal support, and there is downside risk.
GateNews32m ago
MARA Sells 15,000 Bitcoins and Cuts 15% of Its Workforce: Behind the AI Pivot, Mining Companies’ Business Models Are Being Rewritten
MARA Holdings announced layoffs of 15% and sold 15,133 bitcoins, raising about $1.1 billion to repurchase debt and support its transition, with the CEO calling it a strategic adjustment. The company is shifting its focus to artificial intelligence and energy infrastructure, reducing its bitcoin holdings by 28%. This move reflects a reshaping of the business logic of mining companies, gradually evolving toward diversification.
GateNews48m ago
U.S. employment alert sounds: job vacancies plunge + a wave of layoffs hits, and the unemployment rate may enter a new upward cycle
In 2026, the U.S. job market faces serious challenges: government job openings and the hiring rate have fallen significantly, layoffs in the private sector continue, and leading indicators suggest a bleak employment outlook. The market is focused on the upcoming jobs report to gauge the direction of the economy.
GateNews51m ago
