After Bitcoin hit a low of $60,180 at 01:45 a.m. on the 11th, it continued to fluctuate within a narrow range of $61,000 for two days over the weekend. During the period, it repeatedly jumped to $62,000 but failed. At the time of writing, it rebounded to $61,491. It rose slightly by 0.68% in the past 24 hours.
Ethereum fluctuates at $2,900
Ethereum was also less volatile over the weekend, trading within a tight range around the $2,900 level. It was trading at $2,929 at the time of writing, up 0.29% in the past 24 hours.
What volatility risks should we pay attention to this week?
One observation that could bring volatility to the market this week is:
Federal Reserve Chairman Jerome Powell spoke on Tuesday
Federal Reserve Chairman Jerome Powell will speak on Tuesday (14th) Eastern Time. As the U.S. job market previously reported signs of cooling , strengthening the market's hopes that the Fed will still cut interest rates this year, the market will pay attention to whether Ball will take a more dovish stance in the speech later.
Priya Misra, portfolio manager at J.P. Morgan Asset Management, said last week:
The slowdown in employment and wage growth means a "soft landing." If the CPI also shows a slowdown, expectations for an interest rate cut in August may return to the market.
U.S. April CPI and PPI reports
The United States will release important inflation data such as PPI and CPI on Tuesday and Wednesday this week. If inflation can cool down simultaneously with the job market, the pressure on the Federal Reserve will be less; conversely, if the inflation caused by PPI and CPI Pressures remain high, which means high interest rates are likely to remain high for a while longer.
