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 it was originally expected to be 218,000. This may sound like a bad thing, but in fact, it may be a good thing for cryptocurrencies such as Bitcoin. Because the rise in the number of unemployed people suggests that the US economy may be slowing down, making it more likely for the Federal Reserve to lower interest rates to stimulate the economy, and a low interest rate environment is particularly friendly to cryptocurrencies.

Another big news is that BlackRock's bitcoin investment product quickly reached a scale of 20 billion US dollars, showing strong interest from major institutions in Bitcoin. If similar products of Ethereum can also be approved, 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 is about to be released, and this data can better tell us whether inflation is under control. If the data is higher than expected, it is not good for cryptocurrencies; otherwise, it is a big piece of good news.
Bitcoin is now hovering at a crossroads, with its price fluctuating around 68,000 yuan for three days. But from the short-term charts, the bulls (those who are optimistic about the rise) still have the upper hand. As long as there is positive news driving it, returning to $70,000 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 clear words. Let's keep up with the market pulse together. Remember to follow me, so that we can outperform the majority with a deeper understanding. #MegadropLista # BlackRock IBIT's Bitcoin holdings surpassed Grayscale GBTC #meme zone hot topics.