U.S. December Non-Farm Payrolls Data to be Released Tonight at 21:30

According to sources from HashChain, the U.S. December non-farm employment data will be released tonight at 21:30. Non-farm employment figures indirectly influence the crypto market through their impact on Federal Reserve interest rate cut expectations:
• Weak data (slow employment growth) → increased probability of rate cuts → increased liquidity → positive for Bitcoin and other risk assets;
• Strong data → cooling of rate cut expectations → negative impact on crypto prices. Currently, the market is more sensitive to weak non-farm data, often viewing "bad news" as bullish fuel.

Market consensus expects an increase of approximately 55,000-73,000 non-farm jobs (median around 60,000), below the actual 64,000 added in November; the unemployment rate is expected to slightly decrease to 4.5% (from 4.6% in November).

Meanwhile, the U.S. Supreme Court will also deliver a ruling today on the constitutionality of tariffs. If the case rules tariffs unconstitutional, it could impact Trump’s trade policies and related fiscal revenues.

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