$BTC Just now, all three major data points have exploded.
On December 16, 2025, Beijing time, the U.S. Bureau of Labor Statistics announced the non-farm payroll data for November, while also supplementing the previously unpublished partial data for October due to the government shutdown. The overall trend shows weak job growth, rising unemployment rates, and slowing wage growth, confirming the trend of cooling in the U.S. labor market, which has also led to soaring prices in the U.S. stock market, U.S. bonds, and gold.
On December 11, the Federal Reserve unexpectedly lowered interest rates by 25 basis points, igniting a rally in the cryptocurrency market. Bitcoin saw a daily increase of nearly 4%, peaking at $97,429.29; Ethereum surged by as much as 7.97%, with a market capitalization surpassing $712 billion. Privacy coins and Web3 games have shown impressive performance, with some altcoins increasing by over 80% in a single day, and the total market capitalization of global cryptocurrencies skyrocketing by 4.2% in one day, adding more than $140 billion in market cap.
Recently, there has been a downturn: Around December 15, the market faced another drop, with Bitcoin falling below the $88,000 mark, experiencing a daily decrease of 2.48%, $BTC , Ethereum, $SOL , , and other mainstream coins all following suit. This drop is attributed to the ambiguous stance of the Federal Reserve chairman regarding future rate cuts, leading the market to lower its expectations for rate cuts, resulting in over 115,700 liquidation events within 24 hours, with a total liquidation amount reaching $270 million. Additionally, Standard Chartered Bank has halved its price forecast for Bitcoin at the end of the year and next year, further undermining market confidence.