BlockBeats News, February 11 — Due to a temporary suspension by some government departments, the U.S. January non-farm payroll report, originally scheduled for release last Friday, has been postponed to this Wednesday. Previously, several “secondary” employment indicators showed weakness, raising concerns in the market about a slowdown in employment growth.
Data shows that January ADP employment growth was weak, and Challenger layoffs increased significantly; the four-week moving average of initial unemployment claims rose as of the end of January; December JOLTS job openings fell to their lowest level in nearly five years. However, the ISM manufacturing and services employment indices performed relatively steadily, somewhat easing pessimistic expectations.
Ahead of the non-farm payroll release, White House officials have been actively guiding market expectations. White House senior trade advisor Peter Navarro stated that the market should “significantly lower” its expectations for monthly employment data, believing that in the current context of deporting illegal immigrants and shrinking labor force, an employment increase of about 50,000 per month can be considered “stable,” and should no longer be compared to the six-figure increases during Biden’s administration.
Kevin Hasset, director of the White House National Economic Council, also said that employment data might appear weaker due to a decline in the labor force, but this is not inconsistent with strong GDP growth and productivity improvements, and the market should not panic excessively.
Additionally, the final revision of the 2025 employment baseline data is also noteworthy. Preliminary data previously showed employment figures revised downward by nearly one million, causing market volatility. As non-farm data approaches, the market’s judgment on the Federal Reserve’s policy path and the true strength of the employment market may face a critical test.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Stronger US Dollar and Weakening Cryptocurrencies, Also Extends to Gold
The US Dollar strengthened, reaching 97.810 on the index, while cryptocurrencies fell by 3.06% in market cap, and gold dropped over 1%. Uncertainty in macroeconomic conditions and geopolitical tensions are influencing these trends.
TheNewsCrypto4h ago
Customs have stopped collecting illegal tariffs, but why is your Bitcoin still falling?
U.S. Customs announced the suspension of illegal tariffs imposed by Trump under the International Emergency Economic Powers Act, but the newly imposed 15% global tariffs will take effect on February 24. The market reaction was lukewarm, and Bitcoin prices declined again. Analysts warn that if the $60,000 support level is broken, further declines may occur. In the short term, a tax refund is unlikely, and the market remains under pressure.
TechubNews5h ago
Will Bitcoin drop to $50,000? Strategy adds $40 million, Citrini AI report triggers market turbulence
February 24 News, Strategy announced an additional $40 million investment in Bitcoin, despite the current market being somewhat pessimistic about Bitcoin price forecasts. The company currently holds Bitcoin worth $55 billion, with an average cost of approximately $76,020. At Bitcoin's current price of $63,000, unrealized losses amount to nearly $10 billion. Executive Chairman Michael Saylor stated that the company employs a dollar-cost averaging strategy and is not concerned about short-term price fluctuations.
Recently, Bitcoin has been affected by geopolitical tensions, economic uncertainties triggered by developments in artificial intelligence, and policy changes by the Trump administration, leading to consecutive price declines. Matt Howells-Barby, Vice President of Growth at CEX, pointed out that Bitcoin could potentially drop to $50,000 in the short term. Data from DefiLlama shows that investors sold over $1 billion worth of Bitcoin ETFs in February, bringing the total ETF decline since November last year to $7 billion. Data from CF Benchmark indicates that major hedge funds reduced their Bitcoin ETF holdings by 28% between the third and fourth quarters.
GateNewsBot5h ago
Analysis: De-globalization and AI reshaping the macro environment, with crypto assets being sold off as high-beta growth assets
The current market is undergoing a structural reshaping driven by de-globalization and artificial intelligence, resulting in slow trading adjustments. Bitcoin and Ethereum prices are struggling to rebound, indicating a lack of market confidence. Capital is flowing into value sectors, technology stocks are underperforming, and crypto assets are being sold off, facing a critical transition ahead.
GateNewsBot5h ago
Capital withdrawal accelerates! US Bitcoin and Ethereum ETFs see over $250 million in net outflows in a single day, with institutional sentiment clearly weakening.
February 24 News, there is a clear redemption wave in US spot Bitcoin and spot Ethereum ETFs. Data shows that on that day, the net outflow from the spot Bitcoin ETF was approximately $204 million, while the spot Ethereum ETF also saw an outflow of $49.48 million, with a total daily capital outflow of $253 million. This large-scale capital withdrawal occurred after Bitcoin's price briefly fell below the critical $65,000 level, combined with macroeconomic uncertainties caused by expectations of US tariff policies, leading to a significant decline in risk appetite in the crypto market.
GateNewsBot5h ago
Metaplanet CEO Warns of AI Impact on Employment: Machine Economy May Shift Toward Bitcoin as Core Store of Value
February 24 News, Metaplanet CEO Simon Gerovich recently stated that as AI-driven productivity rapidly advances, the global economy is gradually moving toward an era of "machine-to-machine trading," and Bitcoin could become a primary store of value within this system. This view stems from his response to a forward-looking study by Citrini Research, which outlines the potential for artificial intelligence to replace white-collar jobs on a large scale between 2026 and 2027.
Simon Gerovich pointed out that AI agents making financial decisions will not rely on traditional bank accounts, credit card networks, or government-issued currencies, but will instead prioritize more efficient, frictionless digital asset systems. Under the logic of machine-optimized transaction costs, on-chain payments, stablecoin settlements, and Bitcoin as a store of value are more aligned with the needs of an automated economy. Compared to the traditional payment network fee structure of 2% to 3%, low-cost blockchain settlements are more attractive.
GateNewsBot6h ago
