Although Bitcoin and ETH have shown a long-awaited increase on the first day of July, it remains to be seen whether the trend has reversed. Several news that may bring fluctuations to the market this week:
Global Manufacturing and Service PMI
The US S&P and ISM PMI indexes will be released from Monday to Wednesday, and Europe will also release the HCOB PMI index. The Manufacturing Purchasing Managers Index (PMI) measures the activities of manufacturing purchasing managers. An index of more than 50 indicates that the manufacturing industry is expanding; less than 50 indicates that the manufacturing industry is shrinking. If the index is higher than expected, it is usually regarded as a strong/rising US dollar, and vice versa, it is regarded as a weak/falling US dollar.
US Non-Farm Employment
In addition to PMI, the United States will release non-farm employment data on Friday night. Economists expect the unemployment rate to remain at 4%, and the average hourly wage is expected to grow by 3.9% from June last year, the smallest annual increase in three years.
There is also the issue of the review of the Ethereum ETF
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