The just-released US employment data shows that the number of people applying for unemployment benefits is slightly higher than expected, reaching 219,000, while everyone originally thought it would be 218,000. This may sound like a bad thing, but it could actually be good news for cryptocurrencies like Bitcoin. Because the increase in unemployment numbers suggests that the US economy may be slowing down, which means the Federal Reserve is more likely to lower interest rates to stimulate the economy, and a low interest rate environment is particularly friendly to cryptocurrencies.

Another big news is that a Bitcoin investment product from BlackRock quickly reached a scale of $20 billion, showing strong interest from major institutions in Bitcoin. If similar products for Ethereum are also approved in the future, the encryption market may usher in a super bull market.
However, don't rush to conclusions because there is another key data - the core PCE for April in the United States will be released soon. This data will better tell us whether inflation is under control. If the data is higher than expected, it will be unfavorable for cryptocurrencies; otherwise, it will be great news.
Now Bitcoin is like wandering at the crossroads, and the price has been fluctuating around 68,000 for three days. But from the short-term chart, the bulls (those who are bullish) still have the upper hand, as long as there is good news to drive it, returning to 70,000 US dollars is not a dream.
In summary, the market is filled with mixed good and bad news, but I will be here every day to help you understand these complex information in simple and straightforward terms. Let's keep up with the market pulse together. Remember to follow me, so we can gain a deeper understanding and outperform the majority. #MegadropLista BlackRock IBIT Bitcoin holdings surpassed Grayscale GBTC #meme zone hot topics.