🇨🇳 Chinese Abstract: U.S. Non-Farm Payroll Report (December 2025)
1. Core Data
November Non-Farm Employment: Added 64,000 (higher than the expected 50,000).
October Non-Farm Employment (revised): Decreased 105,000 (reflecting economic stagnation during the government shutdown).
Unemployment Rate: Rose to 4.6% (higher than the expected 4.4%-4.5%), reaching a new high since 2021.
Wage Growth: Average hourly wage increased by about 0.3% month-on-month.
2. Binance Market Response and Analysis
Bitcoin (BTC) Trend: After the data release, BTC briefly dropped below 87,000 USDT, touching around 85,000 USDT at one point, with a daily decline of about 4%.
Market Sentiment: Analysis on Binance Square indicates that although the November data was slightly better than expected, the rise in the unemployment rate has intensified market concerns about an economic slowdown. The total market capitalization of cryptocurrencies across the network decreased by about 4.14%.
Policy Expectations: Binance news analysis suggests that the continued cooling of the labor market may prompt the Federal Reserve to adopt more aggressive rate cuts in 2026. While it may trigger volatility and leverage liquidation in the short term, in the long run, increased liquidity could provide support for crypto assets $BTC
