The crypto market is bracing for a pivotal week as key US inflation data, including the Consumer Price Index (CPI) and Producer Price Index (PPI), are set to be released.
These reports, coupled with other significant economic indicators, are expected to influence Federal Reserve monetary policy decisions and, by extension, the trajectory of Bitcoin.
Bitcoin is struggling to maintain support levels above $94,000 and reclaiming $96,000 would be encouraging for bulls aiming for new all-time highs.
Ethereum faces challenges around the $3,200 mark, but a recovery above $3,300 might signal renewed investor confidence in its long-term prospects for DeFi and NFT ecosystems.