Crypto Market Weekend Review and Outlook

Market Overview

The non-farm payroll data for May released last Friday in the United States slightly exceeded expectations, easing market concerns about an economic recession. Currently, the market expects that the Federal Reserve is highly likely to maintain interest rates in June and July. The CPI report for May, set to be released this Wednesday, will become the focus of market attention, potentially indicating whether the trend of declining inflation has stalled.

Analysts have warned that there is a huge gap between government spending and revenue in the United States, leading to a significant depreciation of the dollar. The total amount of U.S. national debt has exceeded $37 trillion, and if the new bill is passed, it will further increase the debt. A key policy turning point is expected to occur between mid-June and early July, including adjustments to trade policy and changes in defense spending expectations.

Performance of the Crypto Market

The weekend market is relatively calm, with Bitcoin mainly experiencing fluctuations. Last week's closing price was above the 10-day moving average. Some analysts believe that Bitcoin has firmly held a key support level for four consecutive weeks. Some traders predict that Bitcoin may experience significant volatility this week, with the potential to break through $110,000.

In the altcoin market, trading hotspots have shifted from the Solana chain to the Base and BSC chains. Several projects in the BSC ecosystem have performed remarkably, such as TAGGER and American Eagle. In the Base ecosystem, AI-related tokens have stood out, such as LAY and TORUS.

Market Data

As of June 9, 12:00 HKT:

• Bitcoin price $105,650, up 12.6% this year
• Ethereum price $2,495.20, down 25.58% this year
• The Fear and Greed Index is 55, indicating a neutral level.
• BTC market share is 63.8%, ETH accounts for 9.1%
• Approximately 56,000 people faced liquidation within 24 hours, with a liquidation amount of 125 million dollars.

Important Events and Outlook

• The US SEC will hold a roundtable on "DeFi and the American Spirit" on June 9.
• A trading platform will soon launch multiple new projects.
• Huma Finance 2.0 staking deposits will open on June 10.
• The Base ecosystem social prediction market Upside will launch on June 10.
• The 1-year inflation expectations from the New York Fed for May will be released on June 9.

Hot News

• Multiple tokens will face a large unlocking, among which APT will unlock a value of approximately 52.7 million US dollars.
• This week's CPI data will once again test the Federal Reserve's policy stance.
• DWF Labs bought 7 types of tokens totaling $6.43 million within a month, with an overall floating loss of 13%.
• The DeFi protocol ALEX suffered an attack due to a vulnerability, resulting in a loss of approximately 8.37 million USD, and the official team has promised full compensation.
• Circle IPO pricing too low, resulting in a potential loss of $1.72 billion in revenue.
• Listed company Yuta Logistics announced a digital asset reserve strategy, planning to acquire up to 15,000 Bitcoins.

Overall, the market will focus on the US CPI data this week, and Bitcoin is expected to continue its upward momentum. The hot spots in the altcoin market are continuously shifting, and investors need to closely monitor the development of emerging public chain ecosystems.