Cryptocurrency Market Report This Week
This week, important US economic data will be released, including Q1 GDP and core PCE price index. Following this will be the April non-farm employment report and unemployment rate. If the data shows weak growth but limited inflation, expectations for mid-year interest rate cuts will strengthen, driving up risky assets. Conversely, if the data exceeds expectations, it could delay interest rate cuts or raise concerns about interest rate increases, negatively impacting the cryptocurrency market.
Chloe, a prominent researcher, suggests that if the data aligns with predictions, May could be the time for capital to return to the cryptocurrency market. However, if the debt ceiling is approved, from June to July, the Treasury may issue new bonds to increase the Treasury General Account (TGA) by $50 billion to $60 billion, leading to liquidation tightening.
Additionally, a notable event will take place on April 30th, where Huobi will host a live broadcast to discuss the TRUMP Coin cryptocurrency with many industry experts. The conversation will focus on the benefits and risks of TRUMP Coin.
Note: The information in this report is not intended to provide investment recommendations.
