II. Analysis of factors affecting the market
(I) Macroeconomic factors
Changes in the global macroeconomic situation have a significant impact on the crypto market. Recently, Trump announced the postponement of the threat of a 50% tariff on EU goods, extending the deadline from June 1 to July 9. This move eased market concerns about the trade war and the market risk appetite rebounded significantly. Global stock markets generally rose, creating a good external environment for the cryptocurrency market. In addition, according to the latest data from the CME FedWatch tool, the market expects that the probability of the Fed's first interest rate cut in September 2025 has risen to 75%. The expected shift in the Fed's monetary policy has improved market liquidity expectations, and cryptocurrencies as risky assets are favored by investors. The US dollar index fell slightly by 0.8% in the past week, which also provided favorable conditions for the rise in crypto asset prices.
