Bitcoin fluctuates within a narrow range of $63,000! Highlights this week: Federal Reserve interest rate meeting, U.S. employment, etc.

This site (120BtC.coM): Bitcoin continued to fluctuate between 62,000 and 64,000 US dollars over the weekend that just ended. At about 11 o'clock on Sunday morning, the highest reached 64,380 US dollars. Dollar. However, in the early morning of today (29th), BTC experienced a larger decline, reaching a minimum of $62,775.

At the time of writing, it was trading at US$63,249, down 0.54% in the past 24 hours.

Ethereum fell below US$3,300

The fluctuations of Ethereum were more violent. After the highest price reached US$3,367 earlier, it continued to fluctuate and fell, with the lowest price at US$3,253. At the time of writing, it was trading at $3,278, up 0.93% in the past 24 hours.

CoinMarkeCap ​​data shows that most of the other top ten tokens have also fallen in the past 24 hours. Except for BNB and TON, which have maintained increases of 0.49% and 0.59%, others include DOGE, SOL, ADA... and other tokens. All currencies have fallen by 1~2%.

What volatility risks should we pay attention to this week?

The most important observation point this week is: the Federal Reserve will announce its May interest rate decision at 02:00 Beijing time on Thursday. As inflation continues to remain high and the economy remains strong, this time The market still expects the Fed to keep interest rates unchanged, but all investors' eyes will be on Powell's statement after the meeting for any signals about a rate cut this year.

In addition, the non-farm payrolls and financial reports of Apple and Amazon among the seven giants will also be released later this week. Contrary to the optimism of other technology giants, Apple faces a more pessimistic outlook. Analysts have lowered their forecasts and predict that revenue and profits will decline in the second quarter. How the stock price will fluctuate by then is worthy of further observation.

On the other hand, the European Union’s April consumer price index (CPI) and first-quarter gross domestic product (GDP) preliminary data are also expected to be released this week, which may have an impact on whether the European Central Bank will Monthly interest rate cuts have had an impact.

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