Bitcoin continued to fluctuate within a narrow range of US$67,000 for two days over the weekend. It hit a maximum of US$67,750 last night, but then selling pressure emerged. It hit a low of US$65,839 at 3 o'clock this morning (20), and rebounded to US$66,379 at the time of writing. , down slightly by 0.83% in the past 24 hours.
Ethereum holds on to the $3,000 level
Ethereum was more volatile over the weekend, reaching a high of $3,146 and a low of $3,053 this morning. It was trading at $3,074 at the time of writing, down 1.69% in the past 24 hours.
What volatility risks should we pay attention to this week?
A few key observations that could bring volatility to the market this week are:
Will the Ethereum spot ETF be approved by the SEC?
On May 23, Eastern Time, the U.S. Securities and Exchange Commission (SEC) must make a final decision on approval or rejection of at least one Ethereum spot ETF application. If approved, it may be expected to replicate the situation of Bitcoin spot ETH and stimulate the price of Ethereum to rise. (Note: May 23 is the final approval deadline for VanEck applications)
But many experts have previously said that the chances of passing are low ...
Fed officials give intensive speeches in May
Huida Financial Report Announced
In addition, AI giant NVIDIA, which has continued to rise recently and driven the overall trend of US stocks, will also announce its latest quarterly financial report. If the data is optimistic, it may drive the stock price up again. It may have an impact on AI concept coins and even Bitcoin.
