A new day has begun, and it also ushered in the last day of May 2024. Looking back on this month, the trend of the crypto market has undoubtedly excited many people. The approval of the Ethereum spot ETF has brought new vitality to the market, and the currencies of the meme tribe have risen in turn, giving small capital investors a great opportunity to achieve wealth freedom.
In May, those "experts" who were highly expected by everyone were obviously disappointed and embarrassed. They had predicted that Bitcoin would fall to US$42,000 to US$38,000 in May, but the actual situation was very different from their predictions. Although Bitcoin experienced countless negative pressures in May, it still stubbornly stood at a high of US$68,311.3.
Tonight, the highly anticipated US PCE data for April will be released. As the most favored inflation indicator of the Federal Reserve, this data is also of great significance to the crypto market. After experiencing a sharp shock in May, the crypto market seems to be at a critical turning point.
For investors, now is a good time to pay attention to news changes and reasonably allocate positions.
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