U.S. Stock Market and Cryptocurrency Trends Amid Economic Shifts

According to Odaily, 10x Research has highlighted in its market analysis that since the election of Donald Trump in early November last year, the U.S. stock market has erased all gains initially anticipated to be driven by stronger growth and lower taxes. The expected post-election rally in altcoins quickly dissipated on December 6 of the previous year. Since the boom in early December, cryptocurrency trading volumes have significantly declined, with funding rates peaking on December 6, indicating the date's broader significance. Macroeconomic factors are identified as the primary drivers of Bitcoin and cryptocurrency market cycles. In September, the Federal Reserve decided to implement an emergency rate cut of 50 basis points due to concerns over an impending economic recession triggered by a noticeably weak U.S. labor market. However, subsequent data painted a different picture. Data released on December 6 showed that non-farm payrolls increased by only 12,000 in October but rebounded significantly to 227,000 in November. Last week, the data showed another strong increase, with 256,000 jobs added as of January 10, and the unemployment rate dropping to 4.1%. These figures suggest a fundamental flaw in the Fed's initial rationale for the rate cut, undermining the argument for its rate-cutting cycle.