As the second quarter comes to an end, the cryptocurrency markets continue to show volatility. With Bitcoin (BTC) 
$77,560 aiming for new highs, the market is abuzz with predictions and speculations. The unpredictable nature of former U.S. President Donald Trump’s statements continues to affect market stability, with his credibility becoming increasingly questioned. Amidst this turbulent environment, what are the forecasts for cryptocurrencies?
Late May Crypto Performance
At the time of writing, Bitcoin is priced at $109,700, while Ethereum (ETH) 
$2,318 remains under $2,600. Despite the potential for profits, altcoin investors are experiencing little joy due to insufficient demand during bull runs and heavy sell-offs during downturns. Trump’s erratic communication adds to the challenges faced by cryptocurrency enthusiasts.
Experts like Jelle argue that the cryptocurrency market will continue to rise alongside global liquidity increases. In a recent evaluation, Jelle shared a chart demonstrating this trend and stated, “Global liquidity continues to rise, and Bitcoin is following suit. The new target is $150,000. Prices are expected to go even higher.”
Altcoin Sherpa upholds a positive outlook, maintaining expectations for growth unless Bitcoin breaks below the $109,217 level. Should the key support fail, another swift decline to $106,747 might occur.
With U.S. markets closed today, the impact of Friday’s negative statements has diminished significantly. According to Binance TR, Bitcoin is currently appealing to buyers at $109,678.
This Week in Cryptocurrencies
The Federal Reserve (Fed) remains steadfast in its decision not to lower interest rates unless workforce data declines significantly. Presently, employment figures do not signal any severe concerns. Fed officials continue to highlight inflation risks, indicating that the macroeconomic landscape is currently detrimental to cryptocurrencies.
However, several notable events are on the horizon this week. On Wednesday, the Fed will release its minutes, which are expected to reveal crucial insights. Additionally, NVIDIA’s earnings report on the same day will likely impact both stock and crypto markets, especially AI-focused tokens.
Thursday will see the release of Q1 GDP data, while Friday will feature the April PCE figures—the Fed’s preferred inflation metric. Fed Chair Jerome Powell hinted at an expectation of 2.2%, closely aligning with prior month figures of 2.3%.
