The market has once again returned to the trend of 'Trump calls the shots' in the past few days, meaning his statements influence market fluctuations. The recent sharp declines and increases are related to trade negotiations. Yesterday, Trump had already hinted at an announcement before the US stock market opened, which the market interpreted as positive news, resulting in a broad rise in US stocks and a boost in the cryptocurrency market, with Bitcoin reclaiming the $115,000 level.
However, the US spot ETF has shown a different trend. The BTC ETF has seen net outflows for four consecutive days, starting around the time of last week's non-farm payroll data mishap. In contrast, the ETH ETF has been more optimistic, with Ethereum turning into net inflows, while Bitcoin is still in a state of net outflow, reflecting that investors have shown greater confidence in Ethereum recently, likely due to the hype from several institutions and Tom Lee.
Tonight, the US will announce unemployment data. Given last week's non-farm payroll event, the market is expected to pay attention to this figure. Additionally, several Federal Reserve officials have expressed that it may be time to lower interest rates, so the market is expected to lean towards optimism. Currently, the ceasefire negotiations between Russia and Ukraine, as well as tariff issues between the EU and India, have increased market uncertainty, so it is still important to pay attention to Trump's recent statements. The market has once again returned to the trend of 'Trump calls the shots' in the past few days, meaning his statements influence market fluctuations. The recent sharp declines and increases are related to trade negotiations. Yesterday, Trump hinted at an announcement before the US stock market opened, which the market interpreted as positive news, resulting in a broad rise in US stocks and a boost in the cryptocurrency market, with Bitcoin reclaiming the $115,000 level.
However, the US spot ETF has shown a different trend. The BTC ETF has seen net outflows for four consecutive days, starting around the time of last week's non-farm payroll data mishap. In contrast, the ETH ETF has been more optimistic, with Ethereum turning into net inflows, while Bitcoin is still in a state of net outflow, reflecting that investors have shown greater confidence in Ethereum recently, likely due to the hype from several institutions and Tom Lee.
Tonight, the US will announce unemployment data. Given last week's non-farm payroll event, the market is expected to pay attention to this figure. Additionally, several Federal Reserve officials have expressed that it may be time to lower interest rates, so the market is expected to lean towards optimism. Currently, the ceasefire negotiations between Russia and Ukraine, as well as tariff issues between the EU and India, have increased market uncertainty, so it is still important to pay attention to Trump's recent statements.
