Bitcoin breaks through 69,000, Ethereum stands at $3,300! This week's warning: FOMC meeting, financial reports of technology giants

This site (120bTC.coM): Under the influence of Trump’s speech in the early morning of yesterday (28th), Bitcoin first fell sharply and then pulled sharply. After fluctuating below US$68,000 for a long time, Bitcoin It once exceeded US$69,000 around 8 a.m. today (29th). At the moment of writing, it is trading at US$68,722, up 1.01% in the past 24 hours.

Ethereum once exceeded US$3,300

Part of the trend of Ethereum is close to that of Bitcoin, hitting a maximum of US$3,306 around 08:15 this morning. At the time of writing, it fell slightly back to $3,285, up 1.08% in the past 24 hours.

Performance of the top ten tokens

The other top ten tokens are also basically rising. The largest increase is XRP, which has increased by 1.6% in the past 24 hours; the largest decrease is ADA, which has decreased by 1% in the past 24 hours.

What volatility risks should we pay attention to this week?

• Federal Reserve Bank Interest Rate Decision Meeting

The U.S. Federal Reserve will hold an FOMC meeting on July 31, local time. Although the market generally expects that the Federal Reserve will remain on hold this week, many people may pay attention to Powell's meeting. After the meeting, whether it will support the expectation of an interest rate cut in September.

• Technology giants announce financial reports

US stocks will see the financial reports of more important companies this week, including Microsoft, Apple, Amazon, and Meta among the "Big Seven" of US stocks. Calculated in Eastern Time, Microsoft will first announce its financial report on Tuesday, followed by Meta on Wednesday, followed by Apple and Amazon after the market closes on Thursday. Under the influence of possible large fluctuations in U.S. stocks, Bitcoin may also be turbulent. Investors are advised to be careful of risks.

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