The latest US economic data for November has been released, with the unemployment rate unexpectedly rising to 4.6%, higher than the market forecast of 4.4%. During the same period, seasonally adjusted non-farm employment increased by 64,000, also surpassing analysts' expectations of 50,000. This set of data reflects the complex situation of the labor market — although the employment growth exceeded expectations, the rise in the unemployment rate suggests that overall employment quality is under pressure. For cryptocurrency investors, US economic data directly influences the future direction of Federal Reserve monetary policy. An increase in the unemployment rate typically raises expectations of 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.