According to news on January 8, data released on Tuesday showed that U.S. employment data was better than expected and service industry inflation accelerated. The two data severely dampened expectations for the Federal Reserve to cut interest rates. The market expects that the Federal Reserve may even cut interest rates only once this year, which is lower than the two rate cuts predicted in the dot plot. According to 4E monitoring, the three major U.S. stock indexes fell across the board after the data was released, giving up the short-term gains in early trading. The S&P 500 Index closed down 1.11%, and the Dow Jones Industrial Average fell 0.42%. Investors took profits on large technology stocks and chip stocks. The Nasdaq Index fell nearly 1.9%, Nvidia plunged 6.22% after diving to a new high, and Tesla fell 4%. . The share prices of crypto-concept stocks Coinbase and MicroStrategy fell by more than 8% and 9% respectively. The crypto market also fluctuated violently against the backdrop of the decline in U.S. stocks. Bitcoin fell sharply after the opening of U.S. stocks last night, from over $100,000 to as low as $96,181, a 24-hour drop of more than 4.8%. The situation improved in the morning. The price started to slowly rise above 97,000, but the overall decline has not yet dissipated. The situation of Ethereum and altcoins was even more tragic, with most of them falling by more than 10%, and market sentiment ebbing significantly. On Tuesday, the Bitcoin spot ETF turned to a net outflow of US$544 million after two consecutive days of large net inflows, which was also the largest net outflow in the past 10 days. In terms of foreign exchange commodities, U.S. economic data were better than expected, offsetting the earlier weakness in the U.S. dollar caused by uncertainty about Trump's tariff policy. The U.S. dollar index rebounded and rose 0.4%, off a one-week low and hovering at a six-month high. The oil production of major oil-producing countries is lower than the output target of OPEC+, supporting oil prices to rise by more than 1%. The rise in the U.S. dollar and U.S. bond yields limited the gains in gold prices. Spot gold rose nearly 1.1% on a refresh day and then narrowed its gains. Data released last night showed that the U.S. economy is stronger than the market thought. The game surrounding the direction of the Federal Reserve's interest rates seems to have changed from cutting interest rates several times this year to whether to cut interest rates at all. The market expects that there is a 95% probability that there will be no interest rate cut in January, and some institutions even predict that there will be no interest rate cut before July. The Federal Reserve is likely to stay on hold this year, and even if it cuts interest rates, it may only cut interest rates once. The market is full of uncertainty, and risk assets are collectively under pressure. eeee.com is a financial trading platform that supports cryptocurrencies, stock indexes, bulk gold, foreign exchange and other assets. It recently launched a USDT stablecoin financial product with an annualized return of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market fluctuation risks and allocate assets reasonably.