The overall cryptocurrency market, including Bitcoin, experienced a long-awaited rebound starting last night. Bitcoin surged to a level of $63,500, while Ethereum also rebounded above $3,500. In the past 24 hours, a total of 36,367 people were liquidated, with a total liquidation amount of $115 million.
Among all currencies, the interoperability concept sector showed the strongest rebound, including LayerZero (ZRO), Wormhole (W), Axelar (AXL), ZetaChain (ZETA), etc., all of which saw gains of over 10% in the past 24 hours.
Other tokens such as ZKsync (ZK), Ondo (ONDO), Notcoin (NOT), Solana (SOL), also experienced significant trading volume and price rebounds.
From a global macroeconomic perspective, this week is also a time when investors need to be on edge. The Federal Reserve of the United States will release the minutes of the June Federal Open Market Committee (FOMC) meeting to gain a deeper understanding of when the Fed may cut interest rates. Powell will also give a speech early this week, and any of his remarks will have an impact on the overall market. On July 5th, key data such as June non-farm payrolls and unemployment rate will be released. Economists predict that US employment is estimated to increase by about 190,000, significantly lower than the previous figure of 272,000, while the unemployment rate may remain at 4%.
