The cryptocurrency market experienced significant volatility during the night. The price of Ethereum (ETH) started to decline from $4370 and eventually stabilized around $4310, forming a drop space of about 60 points. This trend verifies the previous bearish expectations.

At the same time, Bitcoin (BTC) has also not been spared from this round of adjustment. Starting from a high of $109,000, the BTC price has dropped to around $108,300, with a fall of nearly 700 points, bringing significant impact to the market.

This round of pullback may be related to the upcoming non-farm payroll data. Investors seem to have adopted a cautious wait-and-see attitude before the data release, leading to short-term selling pressure in the market.

In addition to mainstream cryptocurrencies, other alternative coins such as Binance Coin (BNB) and Solana (SOL) may also be affected by this round of adjustments. Investors should closely monitor the price movements of these coins.

In the current market environment, investors need to remain vigilant and pay attention to the potential impact of macroeconomic data on the cryptocurrency market, adjusting their investment strategies accordingly. At the same time, it's important to recognize the potential opportunities that market adjustments may bring.