Notable cryptocurrency market news
Last week, Bitcoin surpassed the $100,000 mark, making a strong impression on the financial market. However, Wall Street remains cautious. US stocks and bonds fluctuate as the two largest economies in the world prepare for trade negotiations. Investors are avoiding higher risks.
Market optimism continues to put pressure on gold prices. Gold prices dropped nearly 4% mid-week but recovered 2.64% by the end of the week. Key economic factors next week include the Federal Reserve Governor's speech on Monday; the US CPI index for April on Tuesday; and April retail sales data on Thursday.
The Federal Reserve has many important statements this week, with no signs of interest rate cuts. Economic data next week will provide insights into inflation trends and consumer spending. Price pressures remain high, and there is no reason to lower interest rates. The US Dollar Index has risen but still faces selling pressure and the risk of stagflation from tariffs.
Additionally, the impact of macroeconomic data on Bitcoin prices, especially regarding the ability to maintain above the $100,000 mark, needs to be noted.
Source: https://tintucbitcoin.com/cpi-kich-hoat-stagflation-btc-thu-moc-100k-usd/
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