Yesterday, Trump announced a 'breakthrough' trade agreement with the UK, and the dollar index hit its highest reading since April 10, ultimately closing up. All three major US stock indices rose.
The cryptocurrency market is in turmoil, with Bitcoin continuing to rise, briefly touching the high of 104318, marking the first time since early February that it has increased over 5000 dollars within a day, with a daily gain of 5.89%.
Ethereum's linkage continues to surge, with a daily increase of 20.29%.
Today's news
1. Trump announced a trade agreement with the UK, retaining a 10% baseline tariff on the UK, expanding market access for both sides, eliminating tariffs on UK steel and aluminum, implementing a 0% tariff on US agricultural products, and introducing a tiered tariff on UK car imports;
2. If negotiations on the US-EU agreement do not go smoothly, the EU plans to impose additional tariffs on US products worth 95 billion euros.
3. US Commerce Secretary: focusing on the next major country, hoping to reach a trade agreement with a major country from Asia;
4. Trump again referred to Powell as 'Mr. Too Late', calling him a fool.
5. Trump directly called for 'now is the best time to buy stocks' in a press conference;
6. Trump is reportedly seeking to increase taxes on the wealthy earning over 2.5 million dollars to 39.6%;
7. The Bank of England cut interest rates by 25 basis points, with voting showing divisions.
Today's focus
16:40 Bank of England Governor Bailey speaks;
17:55 Federal Reserve Governor Barr speaks;
18:45 Federal Reserve Governor Cook speaks;
20:30 Federal Reserve's Williams delivers a keynote speech;
20:30 Federal Reserve's Barkin participates in a fireside chat;
22:00 Federal Reserve's Goolsbee speaks at an event;
23:30 Federal Reserve's Williams speaks.
Starting this Thursday, market momentum significantly increases, with Bitcoin and Ethereum breaking strong resistance and the 'Duo Dan Carnival Day' opening.
Bitcoin started to rise from around 969 yesterday morning, gaining 7000 points, peaking around 104318, and currently fluctuating near 102700 after a market correction.
Ethereum has risen over 400 points from yesterday to today, taking off, with a 24-hour increase of 260 million currently fluctuating.
With Bitcoin's push towards 100K, its market value surpasses that of Amazon, further consolidating its status as a mainstream asset, potentially shifting market sentiment towards a more positive bullish trend, attracting a large number of investors in the short term.
Yumi's pullback on the Silk Road continues to be validated, with Bitcoin gathering honey at 9874 points and Ethereum at 733 points. Many people followed the positive market and achieved small gains.
This afternoon, various Federal Reserve officials will speak; pay attention to market movements to avoid high-level rebounds. Continue short-term pullback operations; for mid to long-term, it is recommended to take profits first as the weekend approaches. If the market peaks, BTC may continue to fluctuate and adjust.
