Non-farm data greatly exceeds expectations, and the rate cut expectations have cooled again.

CryptoWorld News: The U.S. non-farm payrolls data has been released, with 172,000 new jobs added, compared to an expected 80,000 and a forecast of 115,000. The higher-than-expected employment figures indicate a strong labor market, which is generally seen as a hawkish signal, reducing the likelihood of the Federal Reserve cutting interest rates, often pushing up Treasury yields and the dollar, and putting pressure on risk assets such as stocks and cryptocurrencies (BTC/ETH).