Non-farm data approaching, the crypto market is filled with cautious sentiment, and Bitcoin's trend currently shows no clear direction.

2026-01-19 14:24:48

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The United States is about to release the December Non-Farm Payrolls report, with market expectations of approximately 55,000 new jobs added and the unemployment rate dropping from 4.6% to 4.5%. If the employment data shows weakness, expectations for a rate cut will be further solidified, putting pressure on the US dollar. This could be a positive sign for risk assets led by Bitcoin.

However, before the official data is released, the crypto market remains in a wait-and-see stalemate. Bitcoin has currently fallen 2.55% in the past 24 hours, and the overall market lacks a clear upward or downward trend, with market participants clearly holding a cautious stance. During the same period, major cryptocurrencies show divergent performance: Ethereum down 3.86%, Binance Coin down 2.39%, and Solana falling even more, down 6.43% in 24 hours. Most tokens have failed to rebound against the trend.

This tranquil market state reflects investors’ cautious attitude ahead of the economic data release. In the short term, the direction of Bitcoin and other crypto assets largely depends on the actual performance of the Non-Farm Payrolls report, and the market still needs to wait for this key data to form a clear trend.

ETH-6,81%

SOL-5,25%

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