According to CoinShares weekly report, digital asset investment products saw a net inflow of $619 million on March 9, reflecting the market's response to the Iran crisis. Despite poor non-farm payroll data, overall sentiment remains positive, with the United States contributing the majority of the funds. Bitcoin and Ethereum performed notably.

As oil prices surpass $100 and the conflict between Israel and Iran escalates, market concerns about a U.S. recession in 2026 are intensifying, with the estimated recession probability reaching 40%. Signs of weakness are emerging in the labor market, with non-farm employment declining and the unemployment rate rising, putting economic pressure on the economy. Under the dual influence of energy and private credit markets, the uncertainty of the future economic outlook is increasing, and policy challenges are growing.

2026-03-08 11:00 to 2026-03-08 11:15 (UTC), ETH fluctuated within the range of 1952.51 to 1974.42 USDT, with an amplitude of 1.11%. The final 15-minute return was -0.92%. Trading volume briefly increased during this period, on-chain active addresses rose, and market attention intensified, leading to significant short-term volatility during the session. The main driver of this movement was the US February non-farm payrolls data falling short of expectations, with the unemployment rate rising to 4.2%, which stimulated global risk aversion sentiment and caused capital to flow into dollar assets. Major US stock markets

Bokeh Capital Partners Chief Investment Officer Kim Forrest pointed out that the U.S. non-farm payroll data was below expectations, economic volatility has increased, layoffs are rising, and corporate personnel are overstaffed. She believes that the current economic measurement methods are insufficient to reflect the true situation and provide a basis for the Federal Reserve to cut interest rates.

The US dollar performed strongly amid Middle East conflicts and soaring oil prices, rising 1.5% this week, the largest increase in over a year. Despite the US non-farm payroll report showing job reductions, the market remains influenced by oil prices and uncertainty, continuing to push the dollar higher.

Gate News Report, March 6 — Schroders Global Chief Economist David Rees commented on the U.S. non-farm payroll data. Rees pointed out that the non-farm employment figures were significantly below expectations, providing a basis for dovish discussions within the Federal Reserve. He stated that at least part of the deviation below expectations was due to strikes in the healthcare industry, which are expected to be reversed. Additionally, despite the soft employment report, the continued growth in labor demand persists amid the ongoing strong U.S. economic expansion. Rees mentioned that Kevin Woor, who is about to become the Federal Reserve Chair, previously expressed the view that the application of artificial intelligence would greatly enhance U.S. productivity and create room for rate cuts. However, he also noted that the recovery of the labor market and inflation risks from Middle Eastern events would weaken the need for rate cuts in the short term.

Gate News Announcement, March 6 — Annex Wealth Management Chief Economist Brian Jacobsen stated that the latest non-farm employment data deviates from expectations, with the unemployment rate rising and oil prices surging. The Federal Reserve is currently facing policy choices: whether to take measures to support the labor market or to maintain the current stance to curb inflation expectations.

Gate News Announcement: On March 6, the U.S. Bureau of Labor Statistics released revised data, showing that non-farm payroll employment added 48,000 jobs in December, revised down to -17,000 jobs, and 126,000 jobs in January, revised from 130,000. After revisions, the total new jobs added in December and January decreased by 69,000 compared to the initial figures.

Gate News Report: On March 6, U.S. non-farm payrolls for February recorded a decline, with the unemployment rate rising to 4.4%. Federal Reserve officials, including Daly, stated that data from any single month is not decisive; employment data is not a clear signal, but it is also not an incorrect signal.

This month's non-farm employment report is extremely unfavorable to the White House. President Trump needs to address the worsening labor market and inflation concerns, and the stock market performance has been volatile. The previous attitude of dismissing signals of economic weakness is now being challenged.