In the near future, the market is widely expecting a bullish wave to lead altcoins to a significant rally. As the leader of the cryptocurrency market, Bitcoin’s upward trend will undoubtedly have a profound impact on the entire crypto ecosystem.
As the weekend approaches, we note that a key macroeconomic event - the non-farm payrolls report, will be released at the end of the weekend. This data will directly affect market sentiment and monetary policy expectations, which will in turn have an impact on the cryptocurrency market.
The AI cryptocurrency space is also showing signs of recovery ahead of Apple's upcoming announcement next week. With the continuous advancement of technology and the increasingly widespread application, the market prospects of artificial intelligence cryptocurrency have attracted much attention.
Looking back at the market performance last week, the stability of Bitcoin (BTC) price and the illogical deviation from the movements of other cryptocurrencies was indeed disappointing. However, this also reflects the complexity and diversity of the market. In this case, investors need to remain calm, analyze market dynamics rationally, and formulate corresponding investment strategies.
As the core of the cryptocurrency market, Bitcoin's rising trend may trigger discussions of the "destruction of fiat currencies." Although this view is controversial, it undoubtedly reflects Bitcoin’s influence and status in financial markets. This week's market action will be defined by Bitcoin's performance, and investors will need to pay close attention to its dynamics.
The entire cryptocurrency market could benefit from positive moves in Bitcoin. Currently, Bitcoin is up 1.26% during the Asian session, providing an optimistic outlook for the entire market. However, investors still need to note that the $63,000 support level is critical to market sentiment. Following the consolidation over the past two weeks, this price level has risen to $67,700, becoming a key support level.
As an important part of the cryptocurrency market, altcoins are also expected to rebound following Bitcoin's positive trend. As market sentiment improves and investor confidence returns, altcoins may be in for a rally.
This week, we’ll be looking at a range of cryptocurrency and macroeconomics events. The bond issuance of Dusk (DUSK), the protocol update of Minecoin (MINA), and the V17 upgrade of Cosmos (ATOM) will all have an important impact on the corresponding tokens.In addition, the release of the non-farm payrolls report (NFP) will also provide the market with important economic data references.
In addition to these alternative cryptocurrencies, Fetch.ai (FET) and Render (RNDR) will also hold major events, which may trigger the market's early reaction and rise. Arweave (AR) and Filecoin (FIL), as representatives of modern storage tokens, their market dynamics are also worthy of investors' attention.
Finally, the upcoming Chiliz (CHZ) event may trigger changes in the gaming industry. Gala and The Sandbox, as leaders in this field, will also attract attention for their market performance. Investors need to pay close attention to the development of these events in order to adjust their investment strategies in a timely manner and seize market opportunities.