Jump! Bitcoin breaks through $69,000, Ethereum stands at $3,300, this week's warning: FOMC meeting, Microsoft, Meta... financial reports to be announced.
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 68,000 US dollars for a long time, it once broke through 69,000 US dollars at about 8 o'clock in the morning today (29th) Dollar. At the time of writing, it was trading at US$68,722, up 1.01% in the past 24 hours.
BTC spot, source: OKX
Ethereum briefly exceeded $3,300
Ethereum's partial trend is close to that of Bitcoin, hitting a maximum of $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.
ETH spot, picture source: OKX
Top 10 Token Performance
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 fallen by 1% in the past 24 hours.
What volatility risks should we pay attention to this week?
Federal Reserve Central 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 the talks after the Powell meeting to see whether they will support the expectation of an interest rate cut in September. .
Tech giants announce financial results
U.S. stocks will see the financial reports of more important companies this week, including Microsoft, Apple, Amazon, and Meta among the "Big Seven" of U.S. 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.
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
