Non-farm payrolls data was lower than expected, Bitcoin hit the 100,000 mark and then fell to $96,000

The U.S. Bureau of Labor Statistics reported last night that the seasonally adjusted non-farm payroll employment increased by 143,000 in January, significantly lower than the market expectation of 170,000, reaching a new low since October last year. The U.S. Bureau of Labor Statistics stated that the changes in the January employment data and the annual revision data indicate that the labor market is slowing but healthy, continuing to drive economic growth without causing inflationary pressure. In addition, the unemployment rate unexpectedly fell to 4.0%, reaching a new low since May last year. Regarding this unexpected drop in the unemployment rate, the U.S. Bureau of Labor Statistics emphasized in the statement that the unemployment rate survey data includes a separate revision to reflect the new employment estimate at the beginning of the year, making the figure incomparable to the previous few months. After the release of the non-farm employment data, it has basically dampened the possibility of the Federal Reserve considering a rate cut in the short term. The major U.S. stock index futures fell across the board, and Bit experienced a wave of ups and downs, once surging to $100,000, but then quickly plummeted, falling below $96,000 this morning.