Blockchain enthusiasts, big news is coming this week! Core PCE data will be released this Friday. Last week, Powell’s speech reiterated expectations for an interest rate cut. If this Friday’s data is not too outrageous, the Fed’s interest rate policy will not be negative for the currency market for the time being. The overall rebound of the currency market over the weekend confirms the optimism of the market. The correction of BTC 73000-61000 has most likely come to an end.
The major events this week are as follows: There are no particularly major events on Monday, March 25, and the market may react to the news and data from last weekend; the U.S. consumer confidence index will be released on Tuesday, March 26; the German IFO business climate will be released on Wednesday, March 27 Index; The revised value of U.S. GDP and the number of initial jobless claims in the United States will be released on Thursday, March 28; the annual rate of the U.S. core PCE price index in February will be released on Friday, March 29.
Crypto market outlook: Bitcoin and the entire cryptocurrency market have experienced a deep correction in the past week. However, as the Federal Reserve released doves, cryptocurrencies led by Bitcoin rebounded as a whole. BTC is currently around 66,500, and the risk of further decline is reduced. Dvol has also It dropped further to 72.5. As the delivery date approaches, Dvol is likely to fall further. In terms of the crypto interest rate market, major Bitfinex spot investors are increasing leverage, and the Greenleaf interest rate market has become active again. Let us look forward to the bright future of Bitcoin together!
