The total market capitalization of cryptocurrencies exceeds $3.95 trillion, with Bitcoin accounting for 59.6%.
According to CoinMarketCap, the total market capitalization of cryptocurrencies today is $3.952717 trillion, with a 24-hour trading volume of $169.597 billion, in which BTC accounts for 59.6%.
UBS Analysts Expect Continued Dollar Weakness After Short-Term Rise
According to reports from Jinshi Data, analysts at UBS Global Wealth Management indicate that the current rise of the US dollar may be due to short-term position adjustments and does not signify a reversal of its weakening trend. Investors are closing their short positions on the dollar ahead of the Federal Reserve meeting, while the Federal Reserve maintains interest rates unchanged.Analysts believe that once the Federal Reserve signals its readiness to restart interest rate cuts in the coming months, the trend of dollar weakness will re-emerge. It is expected that US economic growth will slow further in the second half of the year, and UBS also anticipates that the euro will rise to 1.20 against the dollar later this year.