The cryptocurrency market is poised for increased volatility as investors await the release of U.S. nonfarm payrolls data. Bitcoin and Ethereum are expected to be particularly impacted by the upcoming economic report. Institutional investors are adopting a cautious approach due to uncertainty surrounding macroeconomic factors and regulatory delays, affecting market liquidity and sentiment. Regulatory bodies and project websites have underscored the influence of macroeconomic events on crypto market dynamics. Additionally, potential policy shifts by the Federal Reserve, with Chair Jerome Powell acknowledging market reactions to uncertainty, are contributing to the cautious sentiment. Meanwhile, supply unlock events in ZRO and KAITO protocols may offer some liquidity relief.