The non-farm payroll data released at 8:30 PM last night significantly exceeded expectations, with employment remaining exceptionally strong and the unemployment rate also decreasing simultaneously.

The stronger the non-farm data, the more resilient the U.S. economy indicates;
the stronger the economy, the less urgent the need for rate cuts.

Currently, whether in the U.S. stock market or the crypto space, the most relied-upon factor is the expectation of rate cuts.

So the issue isn't with the coins themselves, but with the rising cost of money expectations.

Short-term sentiment is leaning bearish,
and on Monday, U.S. stocks are likely to open lower, which could lead to a correlated pullback in the crypto market.