Bitcoin and other cryptocurrencies have continued to gain value over the weekend. The latest Consumer Price Index (CPI) data was in line with expectations, while producer-price inflation was above estimates. However, markets retreated after Federal Reserve Chair Jerome Powell commented that policymakers are now on a more gradual path of monetary easing.
This week’s key economic events include manufacturing data, consumer sentiment reports, and Nvidia’s earnings report. The crypto market capitalization has remained stable with Bitcoin holding above $90,000, and Ethereum remaining at $3,100.
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