What are the expected effects on $BTC , $ETH and other Altcoins?

According to CoinMarketCap data, the global cryptocurrency market cap now stands at $2.3T, up by 1.12% over the last 24 hours.Bitcoin (BTC) has been trading between $65,712 and $67,431 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $66,819, up by 0.51%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include CTSI, YB, and ONG, up by 58%, 38%, and 37%, respectively.U.S. Jobs Beat with +178K as Rate Cut Hopes Fade and Bitcoin StabilizesU.S. labor data came in stronger than expected, with nonfarm payrolls rising 178K and unemployment falling to 4.3%, reinforcing economic resilience. At the same time, expectations for Fed rate cuts in 2026 are diminishing, signaling a higher-for-longer rate environment that could pressure liquidity and risk assets.In crypto, sentiment is stabilizing. Cathie Wood argues Bitcoin is unlikely to see extreme crashes again as it matures into a stronger asset class, while platforms like Polymarket are seeing rising revenue, reflecting shifting user activity. Overall, markets remain balanced between strong macro data and cautious forward expectations.U.S. Nonfarm Payrolls Jump 178K in March, Beating Expectations as Unemployment Falls to 4.3%Key Takeaways:Jobs +178K, above forecastUnemployment drops to 4.3%Signals economic strengthSummary:U.S. job growth rebounded strongly in March, with nonfarm payrolls rising 178,000, far exceeding expectations. The unemployment rate also fell to 4.3%, reflecting continued labor market resilience. The rebound follows a weak February impacted by temporary factors like strikes and weather. Strong data reinforces a stable economic backdrop but may delay Fed rate cuts.Federal Reserve Rate Cut Expectations for 2026 DiminishKey Takeaways:Fewer rate cuts expectedPolicy outlook shiftsLiquidity concerns riseSummary:Market expectations for Federal Reserve rate cuts in 2026 are declining as investors reassess the policy outlook. Strong economic data and persistent inflation risks are reducing the likelihood of aggressive easing. This suggests a higher-for-longer rate environment. Such conditions could weigh on liquidity and risk assets, including crypto.Cathie Wood Says Bitcoin Is “Done” With 85% Crashes; Analysts Eye $34K as Potential BottomKey Takeaways:85% crashes unlikelyBTC seen as mature asset$34K–$50K seen as floorSummary:Cathie Wood stated that Bitcoin is unlikely to experience extreme drawdowns of 85% again, citing its maturation as an asset class. She argues that even a 50% correction would now be considered moderate compared to past cycles. Analysts still see potential downside toward $34K, though broader consensus places the floor higher. The view reflects growing confidence in Bitcoin’s long-term stability.Polymarket's Revenue Ranks Fifth Among Crypto ProtocolsKey Takeaways:$1.71M daily revenueNew fee model drives growthUser activity risingSummary:Polymarket has climbed to fifth place among crypto protocols by daily revenue, generating $1.71 million following the introduction of a new fee structure. The updated model includes variable taker fees across multiple categories. The growth highlights increasing engagement in prediction markets. It also signals shifting retail activity within the crypto ecosystem.CZ Says Freedom of Money Book Launch Is Set for Next Week; Proceeds to Go to CharityKey Takeaways:Book launches next weekProceeds go to charityGlobal editions plannedSummary:Binance co-founder CZ announced that his book “Freedom of Money” is set to launch next week. The release will include digital and physical editions, with more languages to follow. CZ confirmed that all proceeds will go to charity. The launch adds a personal narrative to the broader crypto movement.Market movers:ETH: $2059.29 (+0.62%)BNB: $583.76 (-0.50%)XRP: $1.3122 (+0.08%)SOL: $79.8 (+0.63%)TRX: $0.3145 (-0.29%)DOGE: $0.09114 (+0.86%)U: $1 (+0.00%)WLFI: $0.0983 (+0.20%)XAUT: $4644.15 (+1.00%)WBTC: $66724.62 (+0.50%)