US Market Data Warning, Is the Blockchain Market Facing a Critical Week?
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This week, US economic data has released complex signals in succession: retail unexpectedly shrank, manufacturing is weak, yet initial jobless claims have slightly decreased. These contradictory data have intensified the market's divergence regarding the economic direction and Federal Reserve policy. The upcoming Federal Reserve policy report and speeches from heavyweight officials will become key catalysts in determining market sentiment. If signals of a policy shift emerge, coupled with a warming expectation of potential interest rate cuts, it could inject a strong boost into the dormant crypto market. However, Friday's inflation expectation data remains the biggest variable. The market is holding its breath, will this week become a turning point for blockchain trends?
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