BlockBeats News, February 3rd, due to the partial government shutdown in the United States, the release of the January 2026 Non-Farm Employment Report scheduled for this Friday has been postponed. The U.S. Bureau of Labor Statistics stated that the schedule will be rearranged once government funding is restored. The market had previously expected non-farm employment to increase by approximately 55,000 jobs, with the unemployment rate remaining at 4.4%, but these expectations are now completely dashed. As a result, this week’s labor market assessment can only rely on ADP and ISM employment data, significantly increasing macroeconomic uncertainty.
On the risk front, the market has clearly shifted into a risk-off and deleveraging state. The absence of non-farm data weakens the anchoring effect of policy expectations, while the structural issues of long-term contraction in U.S. manufacturing continue to surface. Federal data shows that since 2023, manufacturing has lost over 200,000 jobs, and ISM manufacturing activity has been in contraction for 26 consecutive months. Trump’s tariff policies in the short term increased corporate costs and suppressed investment willingness, failing to immediately improve employment and instead heightening market doubts about economic resilience.
From a cross-market perspective, the macro data vacuum and manufacturing pressure first impact U.S. and Asian stock market risk sentiment. Capital flows back into the dollar, suppressing precious metals and high-volatility assets. The crypto market passively undergoes a broader de-risking adjustment.
In this environment, BTC is seen as the key indicator of whether the market is still willing to take on risk. Currently, the price remains in a range-bound oscillation, with approximately 80,000 as a critical structural resistance, representing whether risk capital will return; and 75,000 as an important support level, reflecting the market’s bottom line during deleveraging. Whether BTC can hold the range will determine whether the crypto market continues to undergo passive adjustment or develops a relatively anti-dive structure.
Overall, the postponement of the non-farm report has not changed the policy direction but has amplified short-term uncertainty. Before data resumes, market focus will be on whether risk assets continue to be reduced and whether BTC can still serve as a thermometer of risk appetite. This will also be a key observation point for the next phase of the market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Supported by ETF fund inflows, Bitcoin shows "strong" rebound near $72,800
Under the influence of capital inflows into U.S. spot cryptocurrency ETFs, Bitcoin prices stabilized last week and touched a high of 73,927 USD, with gains of approximately 6% to 7%. Ethereum also rebounded, indicating a recovery in market risk appetite. ETF capital inflows became the main support factor. Despite volatility in macroeconomic market sentiment, reassuring commentary on inflation and oil price risks helped stabilize prices.
区块客3m ago
Bitcoin Breaks Through $74,000 Resistance Level, Crypto Market Strengthens Collectively, ETH and SOL Lead Weekly Gains
On March 16, the crypto market continued to rise, with Bitcoin surpassing $74,000, up 2.9% in 24 hours. Ethereum and Solana showed larger gains, indicating capital flowing toward higher-risk crypto assets. An improving macroeconomic environment provided market support, with falling oil prices and a weakening dollar aiding liquidity release. The market is focused on the upcoming Federal Reserve meeting, which could impact future interest rate expectations.
GateNews11m ago
Bitcoin Breaks Above 50-Day Moving Average Approaching $74,000, BTC Upward Momentum Strengthens But $75,000 May Become Key Resistance Level
Bitcoin's price surged over 3% on March 16, reclaiming the 50-day moving average and breaking through $71,125, indicating strengthened market momentum. Despite external uncertainties, Bitcoin demonstrated resilience and gradually recovered above the $70,000 level. Analysts noted that stabilization above the 50-day moving average may signal a trend reversal, but technical breakthroughs don't necessarily guarantee long-term gains. The market is watching whether Bitcoin can break through $75,000, with trading volume and capital inflows being key factors.
GateNews16m ago
Ledger Executive: If the US Bans Stablecoin Yields, Other Countries May Fill the Regulatory Gap
Ledger Asia-Pacific Head Shibayama stated that if the US implements a stablecoin yield ban, international discussions will increase. Countries like Australia have already provided regulatory exemptions, and currently most stablecoins do not offer yields to users. US regulatory bill progress has been slow due to opposition to prohibition clauses supported by the banking industry. Asian financial institutions' focus has shifted toward financial product tokenization and stablecoin issuance, rather than crypto-native products like DeFi.
GateNews1h ago
Cambridge Study Finds Bitcoin Can Withstand 72% of Submarine Cable Failures
A study published by the Cambridge Centre for Alternative Finance on March 12, 2026, analyzing 11 years of peer-to-peer network data against 68 verified submarine cable fault events, found that 72% to 92% of inter-country submarine cables would need to fail simultaneously before more than 10% of Bitcoin network nodes disconnect.
CryptopulseElite1h ago
Will stablecoin yields be banned by the US? Ledger executive warns: the global regulatory landscape may be reshaped
Ledger's Asia-Pacific head Shibayama stated that if the US bans stablecoin yield distribution, it will trigger a new global cryptocurrency regulatory landscape, with some countries potentially introducing more attractive policies. The Asian market focuses more on blockchain infrastructure and tokenization of financial products, while large institutions show less interest in direct cryptocurrency asset investments. As regulation improves, institutional investors are becoming more cautious when selecting custodial service providers.
GateNews1h ago
