The altcoins in this round of bull market are really suffering.
Since the halving of Bitcoin, the altcoins have been in a slump.
Next, we should pay attention to the following points:
In the next 24 hours, there are three important events worth paying close attention to:
1. At 8:30 tonight, the CPI data will be released on time. If the data is lower than expected, it will be good for the market; on the contrary, if the data is not good, it may further suppress the market.
2. At 2:00 in the morning, the Federal Reserve will announce its interest rate decision and a summary of economic expectations (FOMC meeting results).
3. At around 2:30 in the morning, Federal Reserve Chairman Powell will deliver a speech, and his remarks will also have an important impact on the market.
The core focus is still on the CPI data, because this data will directly determine whether the BTC and altcoin markets have room for further decline.
The S-1 application for the Ethereum spot ETF is expected to be approved by the end of June. For investors who already hold ETH, this is a positive signal, and it is recommended to remain patient and continue to hold.
