Recent data from the US, along with the actions of the Federal Reserve, have had a significant impact on the market outlook. Employment data fell short of predictions, leading to an increase in cryptocurrencies. The unemployment rate rose slightly to 3.9%, and hourly earnings did not meet expectations at 0.2%. This data suggests diminishing inflation concerns and will influence future monetary policies.

The dovish stance of the Federal Reserve and Treasury has shifted interest rate expectations, reducing US 2-year yields. Investors are now anticipating interest rate cuts, potentially resulting in a softer dollar. The crypto market has responded positively to these changes, with net inflows seen in Bitcoin exchange-traded funds.

Individual investors are staying cautious, despite the positive outlook, but there is hope for a market recovery for altcoins in the near future. The return of individual investors could lead to increased market activity in the crypto space. Analysts suggest potential price movements in altcoins, with a possible rise in market value.

Overall, the impact of US data and the Federal Reserve on markets has been significant, prompting changes in interest rate expectations and paving the way for potential market movements.