Wall Street wrapped up trading basically flat today. Traders were busy digesting fresh labor market figures alongside other economic reports that dropped throughout the session.

What kept sentiment from tanking? Growing optimism around a potential Fed rate cut coming next week. That expectation seems to be propping up equities even as investors navigate mixed signals from the economic data.

The Fed's next move could shake things up across all risk assets—crypto included. Rate cuts typically boost liquidity, which often flows into alternative investments. Worth watching how this plays out over the coming days.