The Federal Reserve cut interest rates by 25 basis points again on Wednesday, marking the third consecutive cut. Notably, there has been a subtle shift in the priorities behind this decision—the softness in employment data has overshadowed inflation pressures and become the main focus of policymakers. What impact does this have on the cryptocurrency market? Expectations of rate cuts typically weaken the US dollar's strength and increase investor enthusiasm for risk assets. Of course, we will need to observe the specific trends in economic data and the employment market moving forward, as these signals will directly influence the next phase of monetary policy adjustments.