According to CoinMeta, August's non-farm payroll data exceeded expectations, and the expectation for a rate hike in September rose to 58%. The stock market declined, while the cryptocurrency market showed resilience to the drop. The strong growth in non-farm payroll data directly dispelled market concerns about an economic recession, and the labor market's performance beyond expectations gave the Federal Reserve the confidence to maintain high interest rates. The significantly increased expectation for a rate hike forced risky assets to bear valuation pressure, leading to a dramatic reshuffle in capital flows. The resilience shown by the cryptocurrency market reflects investors' intention to use it as a tool to hedge against traditional financial fluctuations, and this departure from the trend indicates that digital assets are moving beyond their purely speculative nature.