Bitcoin plunges 7% US economic data becomes the focus

5 major events in today’s financial market: Bitcoin plummets 7% Focus on the new batch of US economic data during the day

Adobe expects second-quarter revenue to be between $5.25 and $5.3 billion, below market estimates of $5.31 billion. Amid high interest rates and a sluggish economy, businesses and individuals have turned their focus to cutting costs, putting pressure on Adobe.

Bitcoin plunges 7%

Today, the price of Bitcoin fell sharply by 7%, which attracted the attention of the market. This fluctuation may be affected by a variety of factors, including global economic instability and changes in the political situation.

New batch of US economic data

The United States is about to release a new batch of economic data, which will have a major impact on the market. Investors will be watching the data closely to understand where the U.S. economy is headed.

Adobe second-quarter revenue forecast

Adobe expects second-quarter revenue to be lower than market expectations, which may be related to the instability of the global economic environment. Businesses and individuals are trying to cut costs, which poses certain challenges for Adobe.

• Business pressure under high interest rates
• Economic downturn leads to cost cutting
• Market focus on economic data