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A new day begins, and the crypto market welcomes the dawn of May. The so-called non-agricultural data of the United States last night was released, forcing the Federal Reserve to cut interest rates in advance. Looking back at the speech of the old procuress after the Federal Reserve's interest rate meeting the day before yesterday, you will realize that his speech was neither a "dove" nor a "hawk". The analysts of the institution vividly called it a "monkey's scream". His speech actually left a step and flexibility for whether to cut interest rates. Analysts believe that the non-agricultural report is an important touchstone for the expectation of a recent interest rate cut.

The U.S. stock market and crypto market have rebounded strongly based on the expectation that the Federal Reserve may cut interest rates in advance. Bitcoin has fluctuated upward and exceeded 63,000 US dollars, Ethereum has exceeded 3,100 US dollars, and Audi, which people asserted to be zero, has exceeded 41 US dollars due to the rebound of Bitcoin. PEPE has continued to rise under the continuous increase of whales. It is expected that removing one zero should not be a big deal. SOL is leading its ecosystem's younger brothers JTO, JUP, and RAY to accumulate momentum and a new rise is about to begin. Let's take a look at the data changes of Bitcoin spot ETFs: Yesterday (May 3), the spot Bitcoin ETF GBTC saw its first net inflow of funds, with an amount of US$63 million. (May 3) Grayscale reduced its holdings of 2,950 bitcoins (about US$181.4 million) and currently still holds 292,176 bitcoins (about US$17.97 billion). Nine spot Bitcoin ETFs (including Grayscale) have reduced their holdings by a total of 2,350 Bitcoins (about $144.5 million). In particular, two Hong Kong asset management companies have purchased up to $112 million in US spot Bitcoin ETFs. Data shows that in addition to Yong Rong Asset Management's purchase of BlackRock IBIT ETF worth $38 million, another Ovata Capital Management has purchased four US spot Bitcoin ETFs with a total investment of more than $74 million. In addition, whales have once again appeared to increase their holdings of Bitcoin. Institutional analysts believe that Bitcoin's $56,555 will also be the bottom of this bull market. Today, Bitcoin will test the intensive trading area of ​​6.5W, which is the short-term pressure level. Pay attention to Brother Niu Ming's speed in the circle to configure a reasonable position for you. #BTC #ETH