Bitcoin continued to fluctuate between $62,000 and $64,000 over the weekend, with no significant volatility. What other important economic events this week could bring about fluctuations?
(Bitcoin continued to fluctuate between $62,000 and $64,000 over the weekend, with the highest reaching $64,380 on Sunday morning. However, BTC experienced a larger drop this morning, reaching a low of $62,775. At the time of writing, BTC was priced at $63,249, with a 0.54% decrease in the past 24 hours.)
(Ethereum dropped below $3,300. After reaching a high of $3,367 earlier, it continued to fluctuate and fell to a low of $3,253. At the time of writing, it was priced at $3,278, with a 0.93% increase in the past 24 hours.)
(CoinMarketCap data shows that most of the other top ten tokens have also fallen in the past 24 hours, except for BNB and TON, which have maintained a 0.49% and 0.59% increase, respectively. Other tokens such as DOGE, SOL, and ADA have experienced a 1-2% decrease.)
(What are the volatility risks to watch out for this week? The most important observation point this week is the Federal Reserve’s announcement of May’s interest rate decision at 02:00 on Thursday in Taiwan time. Due to the persistently high inflation and strong economy, the market still expects the Federal Reserve to maintain interest rates. However, all investors’ attention will be focused on Powell’s statement after the meeting, in search of any signals regarding interest rate cuts this year.)
(In addition, the non-farm payroll data for judging the US economic situation, as well as the earnings reports of Apple and Amazon from the “Big Seven,” will also be released later this week. In contrast to the optimism surrounding other tech giants, Apple faces a more pessimistic outlook, with analysts lowering their forecasts and expecting a decline in revenue and profits in the second quarter. It is worth observing how the stock price will fluctuate.)
(On the other hand, preliminary data on the EU’s April Consumer Price Index (CPI) and first-quarter Gross Domestic Product (GDP) are also expected to be released this week, which may have an impact on whether the European Central Bank will cut interest rates in June.)