【WEB3 Crypto News Dynamic Sharing】🔥

Bitcoin stands at $63,000, these major events this week are worth paying attention to! $BTC

1. On Monday, the US ISM Manufacturing PMI (Purchasing Managers Index) for June was released. The report is related to the business conditions of the US manufacturing industry. The index can be one of the reference data for evaluating economic conditions and predicting changing trends.

2. On Tuesday, Federal Reserve Chairman Jerome Powell will comment at the European Central Bank meeting and release the minutes of the Federal Reserve's June meeting on Wednesday. Powell's speech was very final, especially his statement on inflation, interest rates and the economy.

3. On Wednesday, the ISM Service PMI report was released, focusing on the status of the US service industry, which accounts for more than 70% of GDP. Changes in these PMI reports usually precede changes in the overall economy and are of certain reference value.

4. On Friday, US unemployment data was released. This is an important data that the Federal Reserve pays close attention to and is an important reference data for evaluating the overall brokerage situation in the United States. It is estimated that it will go up and down again.

Since the end of February, the total market value of the crypto market has fluctuated within a certain range, basically maintaining around 2.5 trillion US dollars. The amount of inflow/outflow of Bitcoin ETF is limited, and the impact on the crypto market is not particularly large. In the previous continuous decline, the market also touched the lower limit of the fluctuation range, and the panic index also reached the lowest value in the past six months.

Whether the bull market will return or not, it still takes time to verify. Will there be spring for the cottage? No one can be sure. This bull market is different from the previous ones. More large financial institutions have begun to enter, and encryption has gradually developed towards compliance. What we can do is to continue to stick to it and believe that the bull market will come.

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