99% Chance of Fed Rate Cut Fueled by Weak Payroll Data

The U.S. financial market reacted sharply to unexpectedly weak nonfarm payroll data last week, significantly increasing the probability of a Federal Reserve rate cut this month. This development, combined with continued economic uncertainty and a strong dollar, has led to high anticipation for a potential rate change. However, the impact on cryptocurrency markets is unclear, as Ethereum’s staking demand remains driven by protocol incentives rather than macroeconomic factors. While gold prices have reached record highs, their influence on major cryptocurrencies remains limited.