The overall cryptocurrency market, including Bitcoin, saw a long-awaited rebound starting last night. Bitcoin surged to the level of $63,500, while Ethereum also rose 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), all of which had an increase of over 10% in the past 24 hours.
Other tokens such as ZKsync (ZK), Ondo (ONDO), Notcoin (NOT), and Solana (SOL) also saw considerable trading volume and price rebounds.
Looking at the global macroeconomic market, this week is another nerve-wracking moment for investors. The Federal Reserve of the United States will release the minutes of the June Federal Open Market Committee (FOMC) meeting to gain insight into when the Fed may cut interest rates. Additionally, Powell will speak early this week, and any of his remarks will affect the overall market. On July 5, key data such as the June non-farm payroll and unemployment rate will be released. Economists predict that the number of employed people in the US will increase by about 190,000, significantly lower than the previous 272,000, and the unemployment rate is likely to remain at 4%.