Interpretation of cryptocurrency market on Aug 4, 2022

블록스트리트 등록 2022-08-04 11:05 수정 2022-08-04 11:23

Yesterday BTC,ETH fluctuated a lot, along with Pelosi flight to South Korea, the market tension landed, showing a general increase.


The recent decline is basically weak, and the U.S. stocks have rebounded continuously over the highest level of June rally. The crypto industry rally space has lagged behind, so the rally market is likely to still not end. In terms of the current market reflection, tomorrow night's NFP data should be optimistic and is expected to lead the market to further pull up. However, note the reminder in the previous article that economic data is good and directly beneficial to the U.S. stocks. The cryptocurrency industry can only be considered indirectly beneficial at best. And economic data is good, it is possible to create an environment for the Federal Reserve to raise interest rates significantly, the liquidity tightening is the real impact on the coin circle.