Bitcoin and Ethereum started a new wave of growth this morning (1), reaching their highest levels above $63,000 and $3,400 respectively. What global economic events are worth paying attention to in the new week?

After Bitcoin hit a low of $60,055 last Saturday, it continued to fluctuate in a narrow range around $61,000. However, after breaking through $62,000 at 6 a.m. today (1), it continued to rise. At the time of writing, it reached a high of $63,422, up 4.08% in the past 24 hours.

Ethereum breaks through $3,400

As for Ethereum, its trend is similar to that of Bitcoin but its growth is slightly weaker. At the time of writing, it is trading at $3,499, up 3.92% in the past 24 hours.

In the past 24 hours, the entire network has liquidated $112 million

Amid the volatility of Bitcoin's surge, according to Coinglass data, in the past 24 hours, the total amount of cryptocurrency liquidations exceeded US$112 million (short positions accounted for US$79 million), and nearly 35,000 people were liquidated.

Volatility risks to watch out for this week:

Although Bitcoin has seen a long-awaited rise in early July, it will take time to see whether the trend has reversed. The following are several key observation points that may cause fluctuations in the market this week:

Global Manufacturing and Services PMI From Monday to Wednesday, the United States will release the S&P and ISM PMI indices, and Europe will also release the HCOB PMI index. The Manufacturing Purchasing Managers Index (PMI) measures the activity level of purchasing managers in the manufacturing industry. An index above 50 indicates expansion in the manufacturing industry, while an index below 50 indicates contraction in the manufacturing industry. If the index is higher than expected, it is usually considered a strengthening of the US dollar, otherwise it is considered a weakening of the US dollar.

In addition to the PMI data, the U.S. will release non-farm payrolls data on Friday evening. Economists expect the unemployment rate to remain at 4%, and average hourly earnings are expected to increase by 3.9% from June last year, the smallest annual increase in three years.

Federal Open Market Committee (FOMC) Minutes On Wednesday evening, the Federal Reserve will release the minutes of the June FOMC meeting, which will provide further analysis of officials' attitudes. However, as most officials have tended to be conservative in recent months, not much fluctuation is expected.

These factors may have a significant impact on the market, and investors need to pay close attention.