In-depth analysis and future prospects of the crypto market
On Wednesday, global financial markets once again focused on a series of key economic data and industry dynamics. The latest data released by the United States showed that the number of "small non-farm" ADP employment in June was only 150,000, which was not only lower than market expectations, but also lower than the previous value, suggesting that the growth momentum of the job market may be slowing down. The cautious attitude subsequently expressed by Federal Reserve Chairman Powell and his ambiguous position on whether to cut interest rates in late summer have further exacerbated market uncertainty, reminding us that the current market is volatile and we need to remain highly vigilant.
On Tuesday, Federal Reserve Chairman Powell made dovish remarks at the European Central Bank Forum, which significantly boosted market sentiment and pushed the Nasdaq Index (Nasdaq) to break through strongly and stabilize above 18,000 points, recording a gain of 0.7% on the day. The increase reflects the market's optimism about expectations for loose policies.
At the same time, it has been noted that related projects located in specific assets or addresses in Germany and the United States are still being listed for sale. This factor continues to disturb short-term market prices. Market participants are paying close attention to this development, and it is generally expected that the market will usher in a more stable trend after the selling pressure from historical issues including Germany, the United States, and MtGox is gradually released.
In view of the high volatility of the current market environment, we strongly recommend that investors remain cautious, pay close attention to market dynamics, and consider keeping an appropriate distance when risks are higher to avoid potential uncertainties and risks. (Market volatility is intensifying, operate with caution and safety first!) #BTC☀ #ETH🔥🔥🔥🔥 #行情分析
At the beginning of the third quarter, the annual rate of the US core PCE price index in May was 2.6% last Friday, the smallest increase since March 2021. Traders increased their bets on the Fed's interest rate cuts, and the Nasdaq 100 index broke through 20,000 points for the first time during the session. The big cake bottomed out and rebounded.