May 5, 2025
The holiday is coming to an end, and I'm curious how everyone spent it. Personally, I feel that many people chose to travel during this break, which means that fewer people from smaller towns were around.
If we only look at tourism and travel numbers, we wouldn't feel the pressure of economics downturn, but in reality, the situation isn't very prosperous. The impact of the trade war will gradually reach the end consumer.
In the cryptocurrency world, it won't be directly affected too much; macroeconomically, it is more influenced by the dollar cycle. On Thursday, the Federal Reserve's FOMC will announce its interest rate decision at 2:00 PM. Currently, the overall pace of rate cuts seems to be slow; if it continues at this rate, two more rate cuts in the second half of the year are expected. If rate cuts can be accelerated, the market may respond more quickly.
However, regarding the market, it has recently started to consolidate and fluctuate. Bitcoin remains a strong representative, just a step away from 100,000. Historical data shows that Bitcoin is trusted by large investors. Recently, Ethereum has been fluctuating around 1800; this price isn't high, but it's decent compared to previous lows, and it shows strength against other cryptocurrencies as well.
As for altcoins, after a recent rebound, they have started to experience some corrections. Objectively speaking, this phenomenon isn't particularly good, as it may become difficult for altcoins to recover. Recently, some people have started asking me how to choose altcoins, and I can only say it's best not to choose them for now.
Focus on mainstream coins first; for altcoins, if you have small funds, play around and summarize your own experiences.
Thank you for your attention.
Wishing everyone an enjoyable holiday.
