Recently, the cryptocurrency market has performed impressively, with the price of Bitcoin breaking through the 120,000 USD mark, and Ethereum climbing above 4,500 USD. Behind this surge, the uncertainty of the global economy plays an important role.

In the current market environment, Bitcoin has demonstrated strong upward momentum, successfully breaking through the $120,000 mark. Meanwhile, Ethereum follows closely, with a 24-hour increase of over 2.5%, reaching around $4,506. It is worth noting that other cryptocurrencies such as Solana are also showing significant upward trends, reflecting an increase in the overall activity of the cryptocurrency market.

Behind this wave of rising momentum, there are several key factors worth noting. First, the U.S. government is once again facing the risk of a partial shutdown, which has triggered market risk aversion and pushed investors to redirect funds toward alternative assets such as cryptocurrencies. Second, the latest U.S. private sector employment data showed weakness, increasing market expectations for a possible interest rate cut by the Federal Reserve, which typically benefits risk assets like Bitcoin.

However, market participants also need to be aware of potential risks. The upcoming U.S. non-farm payroll data may trigger market volatility. Analysts point out that if the employment data is stronger than expected (forecasted to add 50,000 jobs), it may create short-term pressure on Bitcoin prices. In addition, a large number of options are about to expire, which may also become an important factor influencing market trends.

Overall, despite the generally optimistic market sentiment, investors should remain cautious and closely monitor the upcoming economic data and market changes to adjust their investment strategies in a timely manner.