The U.S. financial market has significantly rebounded, with this week's focus on CPI data and Powell's speech

Last week, the "Trump Trade" reached a climax in the market. Trump's return to the White House and the possibility of a Republican sweep in Congress, coupled with the Federal Reserve's scheduled interest rate cut of 25 basis points, settled two major risk events and prompted a significant rebound in financial markets. Benefiting from Trump's support for cryptocurrencies and the prospect of pro-cryptocurrency members in Congress, Bitcoin broke through $80,000 mark setting a new historical high.

Ethereum reported at $3,207 with an accumulated increase exceeding 30% over seven days. Altcoins collectively surged with gains generally surpassing that of broader market indices boosting market sentiment. This week many Federal Reserve officials will give speeches while latest U.S CPI data, PPI data as well as retail sales figures will serve as important references for investors assessing health status of US economy and potential scale of Fed’s interest rate cuts by 2025.