Ahead of the release of the US nonfarm payrolls report, investors are taking a wait-and-see approach... Tether dominance exceeds 8%.

BTC fluctuates around $66,000... Exploring direction ahead of the event
ETH holds in the mid-$1,900s, with rebound expectations and caution coexisting.
XRP breaks $1.40… Short-term selling pressure persists.

The virtual asset market today is showing a mixed trend, with bullish sentiment driven by expectations of a weaker dollar ahead of the US non-farm payrolls report, scheduled for release at 10:30 PM (Korean time), and a wait-and-see approach conscious of event risks. However, preference for stablecoins is strengthening, with Tether Dominance (USDT.D) recording 8.16% as of 4:15 PM today, up 3.2% from the previous day.

Bitcoin (BTC) is trading at $66,710 as of 4:00 PM. In the short term, the price is likely to remain within the $66,000 range until the release of the data. If Tether dominance fails to fall below 8% again, further rebound momentum appears limited.

Ethereum (ETH) is trading at $1,947 at the same time, holding steady in the mid-$1,900s. While it has entered a technical rebound phase following the recent plunge, both trading volume and supply/demand are still insufficient to signal a trend reversal.

XRP is trading at $1.36, having broken below $1.40. If it fails to re-establish itself at $1.40, short-term downward pressure could persist, and it appears to have entered a period of increased volatility.

While the market anticipates that if the latest employment figures are weaker than expected, a short-term trend of dollar weakness → risk asset preference recovery may emerge, the analysis predicts that Tether dominance breaking below 8% and falling below 7.92% will be the primary condition for determining a trend reversal in the virtual asset market.

Volatility is likely to continue until the direction becomes clear after the release of the indicator.

Reporter Jeong Ha-yeon yomwork8824@blockstreet.co.kr