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The crypto assets market is showing different trends. Ethereum (ETH) has broken through the $3900 mark and is moving towards the $4000 level. In contrast, Bitcoin's performance appears slightly weak, still hovering below the $120,000 mark.
Market observers believe that whether Bitcoin can break through $120,000 this week will be an important point of observation. If it can continue to break through and stabilize, it may trigger further increases. However, if it fails to break through effectively, the market focus may shift to the performance of Ethereum.
At the same time, the global economic situation is also affecting the Crypto Assets market. The United States and the European Union have reached an agreement on some tariff issues, while negotiations with China have been postponed for 90 days. The results of these trade negotiations will have limited impact on the market in the short term.
Investors are now turning their attention to the upcoming Federal Reserve interest rate meeting. Although the likelihood of a rate cut in July is low, the market will closely monitor whether Fed Chair Powell will signal a rate cut in September.
Overall, if the market can stabilize above 4000 points this week and test 4100 points, it may drive the rise of the altcoin market. The trends in the crypto assets market remain full of uncertainties, and investors need to stay vigilant, closely monitoring market movements and changes in macroeconomic factors.