U.S. stocks open higher, non-farm payroll data exceeds expectations, boosting the market

U.S. January Non-Farm Payrolls "Better Than Expected"! The market increases bets on the Federal Reserve cutting interest rates in July, with Bitcoin briefly surpassing $67,500,000.

The latest U.S. non-farm payroll data shows that 130,000 new jobs were added in January, far exceeding expectations. The labor market demonstrated resilience, easing concerns about an economic slowdown. The market currently expects the Federal Reserve to cut interest rates in July, and strong data has reduced the immediate need to implement easing policies. Additionally, Bitcoin experienced a brief rally before pulling back.

Gammaroad Chief Investment Officer: If Non-Farm Payrolls are not strong, we are closer to the neutral interest rate

ChainCatcher reports that, according to Jinshi, Gammaroad Capital Partners Chief Investment Officer Jordan Rizzuto stated that the potential employment situation appears to be stronger than expected and may even be more optimistic than the recent assessments and descriptions by the U.S. Federal Open Market Committee (FOMC). If these data are maintained in revisions in the coming months, the implications for monetary policy suggest that we are closer to the neutral interest rate than the market previously priced in.

Goldman Sachs: Non-farm payrolls better than expected; if Friday's CPI unexpectedly rises, it could turn the Fed hawkish

BlockBeats News, February 11 — Goldman Sachs Asset Management analyst Kay Haigh stated that there are some initial signs of the labor market tightening again, but there is still a way to go before it is fully tight. Given the economy’s continued outperformance, the focus of the FOMC will shift to inflation. We still believe the Federal Reserve has room to cut interest rates twice this year; however, if the CPI released on Friday unexpectedly rises, it could cause the Fed to lean hawkish. (Jin10)

Spot gold plunges nearly $40 in the short term, while the US dollar index DXY surges 50 points in the short term

Odaily Planet Daily News: According to Gate Data, after the Non-Farm Payrolls data was released, spot gold plunged nearly $40 in the short term, currently at $5052 per ounce. The US Dollar Index DXY surged 50 points in the short term, now at 97.14. (Jin10)

Analysis: The crypto market correction may be influenced by traditional financial factors, not an industry crisis.

The recent decline in the cryptocurrency market is viewed as a "traditional financial event," caused by rising Japanese yen interest rates and increased borrowing costs leading traders to liquidate positions. Despite increased market volatility and active Bitcoin ETF trading, industry insiders believe that institutions have not fully withdrawn. It is expected that by 2026, traditional finance and crypto infrastructure will become further integrated.

Analysis: Bitcoin has fallen for three consecutive days after dropping below $70,000, but the timing for medium- to long-term positioning may have already appeared.

Bitcoin has fallen for three consecutive days after reaching $70,000, and market panic sentiment has intensified. Although spot trading volume has decreased, stable ETF capital inflows have offset selling pressure. On-chain data indicates that this correction is mild, and short-term prices are still expected to be highly volatile. The market is paying attention to US economic data that could influence risk asset sentiment.