From labor data to coin price rebound: this week's financial markets are a mix of hot and cold

【Crypto World】Tuesday’s market was indeed turbulent. The US stock market sent a complex signal from the labor market—November non-farm payrolls increased by 64,000, exceeding expectations, but the unemployment rate jumped to 4.6%. This conflicting situation left the stock market a bit confused: the Nasdaq rose slightly by 0.2%, while the Dow and S&P 500 experienced minor pullbacks, essentially staying in place.

Interestingly, the crypto side showed some signs of improvement. Bitcoin rebounded nicely, rising nearly 2% and regaining the $87,000 level, giving the market a bit of a boost. In contrast, the traditional energy market was less optimistic—WTI crude oil fell significantly, dropping 2.2% at one point, now consolidating around $55 per barrel.

Behind this mixed rise and fall, it actually reflects the market’s indecision over the labor data. Good employment figures sound positive, but the rising unemployment rate hints at something else. Crypto investors’ understanding of these complex signals has evidently driven up demand for BTC.