In the week of 06/05/2025, the cryptocurrency market faces potential fluctuations from major economic events, requiring investors to manage risks closely. Here are key points to note:
Economic Events Affecting Crypto
Tuesday, 06/05: US trade deficit is expected to increase to $136 billion (from $122.7 billion), which may put pressure on the USD (USDX bottomed at 97.9 on April 21 according to data from #FXCE ), indirectly affecting the price of Bitcoin ($94,800) and altcoins.
Wednesday, 07/05: The FED's interest rate announcement (expected to remain unchanged) and press conference at 1 AM Vietnam time is the focus. Stable interest rates may support crypto, but statements from the FED could cause volatility.
Thursday, 08/05: The number of US unemployment claims (expected 230,000, previously 241,000) and the Bank of England's interest rate decision (expected to decrease from 4.5% to 4.25%) could affect market sentiment.
Friday, 09/05: A series of speeches from governors and regional FED presidents (Michael Barr, John Williams, etc.) will guide policy expectations, impacting crypto cash flows (funds withdrew $3.4 billion last week).
Others: A meeting between the Prime Minister of Canada and the President #TRUMP at the White House, along with hopes for a trade agreement, could boost confidence but also poses risks if it fails.
Risk Management Reminder
Volatility from these events may significantly impact the crypto market, which is already sensitive to monetary policy (Bitcoin fell 1% when the USD weakened). Investors should:
Closely monitor the FED announcement: Statements could cause significant price volatility, especially with Ethereum ($1,800, about to upgrade to Fusaka).
Diversify the portfolio: Avoid concentrating on a single asset, such as smaller funds like Ark 21Shares (withdrew $458 million last week).
Beware of scams: Following the KNA incident (the 'pig butchering' scam), it's important to thoroughly check trading platforms.
Set stop-loss orders: Protect capital against unexpected fluctuations from economic news.
Conclusion
This week, the crypto market may experience significant fluctuations due to the FED's interest rate announcement, US economic data, and global trade developments. Investors need to manage risks closely, monitor news, and maintain a cautious strategy to protect assets.
Risk warning: Crypto investments carry high risks due to price volatility and legal uncertainties. Consider carefully before participating.