Global Macroeconomic Fluctuation and Crypto Market Dynamics

Recently, there has been significant Fluctuation in the global macroeconomic situation. The U.S. non-farm payroll data for July was dramatically lower than expected, with only 73,000 jobs added, while the data for May and June was also revised down significantly. This data triggered a strong reaction in the market, even leading to the dismissal of the U.S. Bureau of Labor Statistics director. Meanwhile, the sudden resignation of a Federal Reserve board member opened the door for potential new nominees who may support interest rate cuts, and expectations for a rate cut in September have since intensified.

These factors, combined with the new tariff policies and the pressure from increased oil production, have led global risk assets to face significant pressure. Market analysts point out that despite strong earnings reports from large tech companies, stock prices have reacted tepidly, and small-cap stocks have been severely impacted, indicating a lack of market breadth and that funds are shifting towards safe havens. The Federal Reserve's senior officials remain relatively optimistic about the labor market, but the market generally believes that the Fed is facing a dilemma of conflicting trends between inflation and the employment market.

In the Asia-Pacific region, significant progress has been made in the field of Real World Asset (RWA) tokenization. A globally pioneering RWA registration and registration platform is about to be launched, aimed at providing a full-process service for the tokenization of physical assets. Industry experts believe that the launch of this platform marks an important step in regulatory innovation, helping to enhance market compliance and transparency, while also reflecting strong confidence in the RWA sector from the capital markets.

The price of Bitcoin has recently experienced a pullback, briefly dropping below $112,000, and has now risen back above $114,000. Multiple analysts believe that this pullback is related to weak U.S. employment data, which may signal a significant market change. Some viewpoints indicate that the lack of credit growth in the global economy makes it difficult to support economic expansion, and Bitcoin may further decline. However, there are also analysts predicting that Bitcoin still has room to rise and could even reach $150,000 in the future.

Regarding Ethereum, there is a divergence in the market about its short-term trend. Some analysts predict it may test $3000, while others believe that the current price performance may be a false breakout. In the long term, some analysts have given extremely optimistic predictions, suggesting that with the involvement of traditional financial institutions, Ethereum's price could reach $10,000 to $20,000 within the next 12 months.

In other cryptocurrencies, tokens related to the artificial intelligence concept have shown active performance recently, with some tokens experiencing a price increase of over 100% within 24 hours.

Overall, the uncertainty of the global macroeconomy is affecting the crypto market. Investors need to closely monitor economic data and policy trends, while also being aware of market opportunities brought by emerging technologies and concepts.