The latest US economic data for November shows the unemployment rate unexpectedly rising to 4.6%, higher than the market expectation of 4.4%. During the same period, seasonally adjusted non-farm employment increased by 64,000, also surpassing analysts' forecast of 50,000. This set of data reflects the complex state of the labor market — although employment growth exceeded expectations, the rising unemployment rate suggests that overall employment quality is under pressure. For cryptocurrency investors, US economic data directly influences the Federal Reserve's future monetary policy direction. An increase in the unemployment rate typically raises expectations for rate cuts, which often benefits risk assets. The recent correlation between US stock market trends and the crypto market highlights the importance of the macroeconomic environment, and investors should continue to monitor subsequent economic indicators.