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Big Week For Crypto Markets: US Inflation Data To Shape Market Sentiment

  • 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.

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