The second half of the bull market is gaining momentum, and the four-year wealth growth opportunity is right in front of you!
Yesterday evening, the non-farm employment data released by the United States was strong and exceeded market expectations. In May, 272,000 new non-farm jobs were created, far exceeding the expected value of 185,000.
At the same time, average hourly earnings also increased by 0.4% month-on-month, and the unemployment rate rose slightly to 4%. This series of data shows that the U.S. job market remains solid, which undoubtedly reduces the possibility of the Federal Reserve cutting interest rates in September.
Although the specific timing of the rate cut is still uncertain, market expectations for a rate cut are gradually increasing. It is worth mentioning that the spot ETF of Ethereum (ETH) has also become one of the hot spots of market speculation in the second half of the year.
As risk assets usher in a new spring, cryptocurrencies such as Bitcoin are expected to experience significant growth in the next two to three months, and may even break through the important mark of $100,000.
At the same time, Binance Coin (BNB) on the Binance platform has also shown strong growth momentum, and its market value has successfully exceeded US$100 billion. This figure has exceeded the market value of well-known companies such as Starbucks and Meituan.
Highlights:
U.S. non-farm payrolls data were stronger than expected, showing a solid job market. Hopes of the Federal Reserve cutting interest rates in September have weakened, but market expectations remain.
Risk assets are ushering in new growth opportunities, and Bitcoin is expected to break through $100,000. The market capitalization of Binance Coin (BNB) exceeded US$100 billion and its performance is eye-catching.
