The cryptocurrency market is experiencing significant volatility due to the Federal Reserve’s approach towards interest rates, with recent employment data playing a key role. While rate cuts were initiated late last year, Fed Chair Jerome Powell is taking a cautious stance, influenced by former President Trump’s economic philosophy. The potential for further reductions remains uncertain amidst growing economic pressures. The latest survey suggests a significant shift in the labor market as potential job creation has hit its lowest point since June 2013, while the perception of credit accessibility has worsened and public sentiment about their financial situation is declining.