PANews reported on April 29 that this week, the US first-quarter GDP preliminary value and core PCE price index (at 20:30 Beijing time on April 30) and April non-farm employment and unemployment rate data (at 20:30 Beijing time on May 2) will be released successively. In this regard, HTX Research analyst Chloe (@ChloeTalk1) analyzed in the HTX DeepThink column that if the data generally shows weak growth but cooling inflation, it will strengthen the mid-year rate cut expectations and drive synchronized rise in risk assets; if the data significantly exceeds expectations, it may delay rate cuts or reignite rate hike concerns, suppressing the crypto market in the short term.
Chloe also stated that if this week's data meets expectations, there might be a liquidity window in the short term in May, and funds may flow back into the crypto market; however, after the debt ceiling is approved, the Treasury is expected to issue new debt between June and July to replenish the TGA to $50-60 billion, leading to tightened liquidity.
At 20:00 (UTC+8) on April 30, HT will host a live broadcast on Twitter Space and HT Live with the theme "Trump Crypto Dinner: Real Benefits or Fake Hype? Let's Talk About the Compliance and Risks of Trump Coin". Chloe will attend along with crypto KOLs Tony Fu, Shiwen.Eth, Big Brother, and Archie Li to provide an in-depth interpretation of the pros and cons of TRUMP coin.
