June Market Outlook: Expectations of rate cuts, Ethereum ETF boost, Bitcoin bull market looming?
With the upcoming release of the US non-farm payrolls data for May (8:30 p.m. on June 7), the market focus has once again turned to the direction of the Fed's monetary policy. The latest data shows that the US core PCE index in April reveals that inflationary pressure is gradually easing, indicating that the non-farm data may continue this slowing trend, which is in line with market expectations. Against this background, the market's expectations that the Fed may enter a rate cut cycle have increased, which is undoubtedly an important positive signal for the cryptocurrency market, especially the price trend of Bitcoin (BTC).
At the same time, BlackRock recently disclosed that the Ethereum spot ETF is expected to be listed and traded at the end of June or early July. This news will undoubtedly add fuel to the cryptocurrency market. With the launch of the Ethereum ETF, market liquidity and investor participation are expected to further increase, providing strong support for the upward trend of the cryptocurrency market.
At present, the cryptocurrency market is in a period of adjustment, but after the adjustment, the market is expected to continue to rise. Although the trend of some altcoins has deviated from the mainstream currencies, it is precisely such a market adjustment period that often breeds new investment opportunities. The market situation in June is highly anticipated, and many sectors are at a relatively low level, providing investors with a good opportunity to layout.
Overall, the current market investment value is prominent. With the approaching US interest rate cut cycle, the expectation of a traditional bull market in the election year, and the successive approval of Bitcoin and Ethereum ETFs, the market is more and more bullish. In this market full of opportunities and challenges, let us look forward to the wonderful performance of the future market!
