than Bitcoin continued to fluctuate within a narrow range of $67,500 for two days over the weekend. It was not until last night that it began to fluctuate significantly. After failing to challenge $68,000, it broke through again this morning. If you want to stay together for warmth, or if you have any questions, follow Gong Zonghao: Ten Yuan Knowledge Bureau
As of this writing, it is currently trading at US$68,247, with a slight increase of 0.68% in the past 24 hours. Whether it can stabilize at 68,000 US dollars requires continued attention.
Ethereum fluctuates between US$3,700 and US$3,800
Ethereum continued to fluctuate between $3,700 and $3,800 over the weekend. Overall, the market is still waiting to see when the SEC will officially approve the listing of Ethereum spot ETFs, and there is currently no clear price trend.
was quoted at $3,799 at the time of writing, down 0.82% in the past 24 hours.
What volatility risks should we pay attention to this week?
A few observations that may bring volatility to the market this week are:
The United States will release non-farm employment data
The Federal Open Market Committee (FOMC), which determines the U.S. benchmark interest rate, will meet again next week. Fed officials will enter a silent period this week, so officials should not comment publicly this week.
However, the U.S. Department of Labor will release the latest non-farm employment data this Friday (7th). The market expects that the number of jobs will decline from last month and the unemployment rate will remain unchanged. However, if the results are significantly different from expectations, it may cause fluctuations.
European Central Bank announces interest rate decision
One week faster than the United States, The European and Canadian central banks will announce their latest interest rate decisions on the 5th and 6th of this week respectively. The market expects that the two central banks will each cut interest rates by 1 point (25 basis points) to promote the sluggish economy.
In the last European Central Bank interest rate meeting, the interest rate hike was suspended for the fourth time and the balance sheet reduction plan was maintained unchanged. The outside world believed that the interest rate hike cycle was over. At the press conference after the meeting, Governor Christine Lagarde said that discussions would begin on easing the restrictive stance, hinting that a rate cut may be possible at the June interest rate meeting.
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