PANews reported on April 29 that this week, the U.S. first quarter GDP preliminary value and core PCE price index (20:30 Beijing time on April 30) and April non-farm employment and unemployment rate data (20:30 Beijing time on May 2) will be released successively. In this regard, HTX Research researcher Chloe (@ChloeTalk1) analyzed in the HTX DeepThink column that if the overall data shows weak growth but cooling inflation, it will strengthen the expectation of mid-year interest rate cuts and promote the simultaneous rise of risk assets; if the data exceeds expectations across the board, it may delay interest rate cuts or rekindle concerns about interest rate hikes, which will suppress the crypto market in the short term.
At the same time, Chloe said that if the data this week is in line with expectations, there may be a liquidity window in the short term in May, and funds may flow back into the crypto market; but after the debt ceiling is approved, it is expected that between June and July, the Treasury will issue new bonds to increase the TGA to US$50 billion to US$60 billion, leading to a tightening of liquidity.
On April 30 at 20:00 (UTC+8), Huobi HTX will host a live broadcast on Twitter Space and Huobi Live entitled "Trump Crypto Dinner: Real Welfare or Fake Hype? Let's Talk About the Compliance and Risks of Trump Coin". Chloe will attend with crypto KOLs Tony Fu, Shiwen.Eth, Big Cousin, and Archie Li to deeply interpret the pros and cons of TRUMP Coin.
