At 20:30 tonight, the highly anticipated July non-farm payroll report will be officially released. This report holds significant reference value for the Fed's interest rate decision in September. Fed Chairman Powell previously stated that more economic data will be comprehensively considered to formulate policy.

The performance of this non-farm data will directly affect the market's expectations for Fed policy. If the number of new jobs is below 100,000 and the unemployment rate rises, it may increase the likelihood of a rate cut in September. In this case, the dollar may weaken, while cryptocurrencies like Bitcoin are likely to benefit. Conversely, if new jobs exceed 150,000, it may dispel market expectations for a rate cut this year.

Currently, the cryptocurrency market is at a critical juncture. The trends of Bitcoin ( BTC ) and Ethereum ( ETH ) are closely watched by investors. At the same time, the U.S. government has made new moves in cryptocurrency regulation, with the U.S. Securities and Exchange Commission ( SEC ) launching a new initiative called ProjectCrypto, and the White House releasing a report related to digital assets.

In addition, recent economic data from the United States, such as initial jobless claims and possible tariff increase policies, could impact the cryptocurrency market. Investors need to closely monitor these factors in order to adjust their investment strategies in a timely manner.

In this uncertain market environment, investors should remain vigilant and pay attention to various economic indicators and policy trends in order to seize opportunities in the rapidly changing cryptocurrency market.