After the latest economic data was released, the crypto assets market experienced significant fluctuation. On the evening of August 31, the number of initial unemployment claims and the year-on-year core PCE price index data released by the United States both showed adverse trends, causing the crypto assets market to cool rapidly. The price of Ethereum fell quickly from $3877 to around $3762, and other altcoins generally decreased by 5% to 10%.

This fluctuation coincides with the eve of the monthly closing, further intensifying the market's tension. Of particular concern is the upcoming release of the U.S. unemployment rate and non-farm payroll data for July on August 1, as these two indicators significantly influence market direction. Considering that Bitcoin and Ethereum have been oscillating at high levels for nearly 18 days, with a standoff between bullish and bearish forces, and given the high sensitivity of the data release timing, along with the poor market liquidity over the weekend, regardless of the data results, the market may experience severe fluctuations.

In this case, investors should maintain a cautious attitude. It is recommended to wait and observe temporarily, considering entry after the market stabilizes. It is important to note that the inherent high-risk characteristics of the Crypto Assets market require investors to remain vigilant at all times and manage risks effectively.

The current market conditions reflect the impact of global economic uncertainty on the digital asset sector. As central banks adjust their policies and economic data continues to be released, the Crypto Assets market may experience more Fluctuation. Investors should closely monitor macroeconomic indicators and policy changes to better grasp market trends.

Although the market may face challenges in the short term, the long-term prospects for the development of blockchain technology and digital assets remain promising. Investors should pay attention to short-term market fluctuations while also focusing on the industry's long-term development trends and potential.