After hitting as low as $60,055 last Saturday, Bitcoin continued to fluctuate within a narrow range at the $61,000 level. However, it has continued to rise since breaking through $62,000 at 6 a.m. today (1). As of this writing, it has reached a maximum of $63,374, up 4.27% in the past 24 hours.
Ethereum breaks through $3,400
For Ethereum, the trend is the same as that of Bitcoin but the increase is slightly weaker. At the time of writing, it was trading at $3,459, up 3.37% in the past 24 hours.
The entire network liquidated $112 million in the past 24 hours
Amid the fluctuations of Bitcoin's jump, according to Coinglass data , in the past 24 hours, the entire cryptocurrency network liquidated more than $112 million (short positions accounted for $79 million), and nearly 35,000 people were liquidated.
What volatility risks should we pay attention to this week?
Although Bitcoin showed its long-lost gains on the first day of July, it remains to be seen whether the trend has reversed. Here are some key observations that may bring volatility to the market this week:
Global Manufacturing and Services PMI
The US S&P and ISM PMI indices will be released from Monday to Wednesday, and Europe will also release the HCOB PMI index.
U.S. nonfarm employment
Federal Reserve FOMC meeting minutes
On Wednesday evening, the Federal Reserve will release the minutes of the June Federal Open Market Committee (FOMC) meeting, which will provide further analysis of officials' attitudes. However, the attitude of most officials has clearly become more conservative in recent months, so there should not be much fluctuation.
