On the evening of the 20th, Beijing time, cryptocurrencies that are still being traded collectively rallied and flourished. According to CoinGlass data, in the past 24 hours, nearly 80,000 people at one point lost their cryptocurrency positions. As of press release, 66,000 people had liquidated their cryptocurrency positions in the past 24 hours. In fact, US stocks have been rising for 2 days. As the holiday season approaches, many market participants are looking forward to the market. The reason for this is that some analysts say that economic data has consolidated people's expectations that the Federal Reserve will adopt a strategy of cutting interest rates. As the US inflation rate in November fell far short of economists' forecasts, the unemployment rate unexpectedly rose in that month. Some agencies believe that this highlights that there is very limited room for the current inflation data to greatly exceed expectations. If the labor market continues its current trajectory, that is, the unemployment rate rises 0.1 percentage points every month, the room for further interest rate cuts next year may be underestimated.

On the evening of the 20th, Beijing time, cryptocurrencies that are still being traded collectively rallied and flourished. According to CoinGlass data, in the past 24 hours, nearly 80,000 people at one point lost their cryptocurrency positions. As of press release, 66,000 people had liquidated their cryptocurrency positions in the past 24 hours. In fact, US stocks have been rising for 2 days. As the holiday season approaches, many market participants are looking forward to the market. The reason for this is that some analysts say that economic data has consolidated people's expectations that the Federal Reserve will adopt a strategy of cutting interest rates. As the US inflation rate in November fell far short of economists' forecasts, the unemployment rate unexpectedly rose in that month. Some agencies believe that this highlights that there is very limited room for the current inflation data to greatly exceed expectations. If the labor market continues its current trajectory, that is, the unemployment rate rises 0.1 percentage points every month, the room for further interest rate cuts next year may be underestimated.