U.S. stocks

4E: Bitcoin price fluctuates and adjusts, U.S. stocks achieve their best performance in May in 30 years, market sentiments are mixed

ChainCatcher news reports that, according to 4E monitoring, at the beginning of June, the Bitcoin price briefly dipped to $103,700, reaching a recent low, which has attracted market attention. Analyst Captain Faibik pointed out that the current BTC market is fiercely contested, with key support and resistance levels at $103,500 and $107,500, respectively. A breakthrough or breakdown will determine the next phase of the trend. If it can stabilize above $107,500, it is expected to challenge a new high of $117,000; however, if it falls below $103,500, it may return to bear control. Another analyst noted that BTC needs to quickly return above $106,500 to avoid further declines. As of now, the Bitcoin price is approximately $105,435, showing an upward trend in the past 24 hours.Meanwhile, despite facing tariff uncertainties and soaring federal deficits, the U.S. stock market has rebounded strongly. The S&P 500 index rose 6.3% in May, marking the best performance for the same period since 1990, and has increased 1.74% year-to-date, rebounding nearly 20% from April's low. Tech stocks are leading the charge, but funds are also quietly flowing into defensive sectors such as consumer staples, utilities, and healthcare, indicating that the market remains cautious even amid optimism.On the economic fundamentals front, investors are closely watching the May employment report set to be released this Friday. Several economists predict that non-farm payrolls will increase by only 125,000, or below the "break-even growth rate" of 153,000. Continued weakness could trigger a rise in the unemployment rate and intensify bets on the Federal Reserve cutting interest rates within the year.According to 4E, investors should remain vigilant and respond cautiously to short-term market fluctuations until trade policies, employment data, and Federal Reserve dynamics become clearer.

4E: Expectations for interest rate cuts in June heat up, US stocks surge, and the crypto market fluctuates slightly

ChainCatcher news reports that, according to 4E monitoring, Federal Reserve officials have consecutively expressed support for an earlier rate cut, boosting market sentiment. The U.S. stock market continues its upward momentum, with all three major indices closing higher. The Nasdaq performed particularly strongly, rising by 2.74%, marking the first time since May 2001 that it has recorded three consecutive days of gains exceeding 2%. The S&P 500 rose by 2.03%, while the Dow Jones, affected by some blue-chip earnings reports, had a relatively modest increase of 1.23%. The technology sector led the gains, with the "seven sisters" of technology averaging an increase of about 3%.The cryptocurrency market is experiencing volatile consolidation, with Bitcoin hovering above $93,000. Spot ETFs have seen net inflows for four consecutive days, indicating a noticeable rebound in investor confidence towards risk assets. Ethereum has retreated from $1,800, with spot ETFs showing net outflows again. Other major altcoins have generally fluctuated slightly, with the layer 2 sector leading the gains. The continuous rise over several days has kept market sentiment soaring, re-entering the "greed" zone.The forex and commodity markets are showing a mixed performance. Under pressure from rate cut expectations, the U.S. dollar index fell by 0.47%; the weakness of the dollar boosted oil prices, with crude oil fluctuating upward, and WTI rising over 0.83%; gold prices rebounded, returning to above $3,300, with spot gold rising by 1.77%, reported at $3,346.As several Federal Reserve officials publicly hinted at a possible rate cut in June, the impact of Trump’s tariffs has temporarily faded, leading to a general market rise. The next Federal Reserve meeting is scheduled for May 6 to 7. According to CME Group's FedWatch data, investors generally believe that there will be no change in May, with the probability of a rate cut in June rising to 58%.
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