#美国非农就业数据未达市场预期 **Market Review: Risk Assets Rally Together, Cryptocurrencies Follow the Bounce**

In recent days, global markets have moved in unison, with the three major US stock indices rising simultaneously, giving risk assets a strong boost. The underlying logic is clear—expectations of a soft landing for the US economy are heating up, the Federal Reserve's rate cut window remains open, and tech giants' earnings are supporting the market. As a result, the entire crypto market has also warmed up. BTC and ETH are rising hand in hand, but altcoins show uneven enthusiasm, with mixed gains and losses. Capital flows are quite pragmatic, still favoring mainstream cryptocurrencies.

Traditional commodities are also active. Gold, silver, and crude oil are all trending upward, while the US dollar index has slightly retreated. In this context, the performance of non-USD currencies has become somewhat divergent.

**Key Signals to Watch Right Now**

The most noteworthy is the upcoming unlock of TRUM tokens. On January 18, 50 million tokens will be released into the market, which at current prices amounts to approximately $271 million, accounting for nearly 12% of the circulating supply. This scale is not small, so in the short term, caution is needed to prevent price fluctuations caused by profit-taking.

The US stock earnings season has officially begun, and the December CPI and PPI data will be released sequentially. How inflation data trends will directly influence the Federal Reserve's policy direction, so close monitoring is essential.

There are new developments in the ecosystem. The Ethereum staking ecosystem is still active, with a major staking platform's ETH total staked exceeding 1 million, which at current prices is roughly $3.36 billion. On the other hand, a new prediction market launched on a wallet platform has generated only $700,000 in nominal trading volume after nearly a month, indicating that user engagement and market acceptance still need further observation.

In summary, the market pace is accelerating, and every movement in data and policy can shake the coin prices. When trading on platforms like Gate.com, remember to have risk management plans in place.