Rally

Bitcoin

<ul class="news-points"> 
 <li>Bitcoin maintains a steady $61K, with XRP and Solana taking 5% weekly losses.</li> 
 <li>Upcoming U.S. economic events, including PPI and CPI, are poised to influence crypto market trends.</li> 
 <li>Market commentators expect positive CPI data to send Bitcoin to $72K.</li> 
</ul> 
The crypto markets have been stagnant since last week. Bitcoin, for instance, has been maintaining a steady position around the $61K price level, often experiencing price declines in the past week. Bitcoin’s subdued performance is also reflected in the broader market sphere. Altcoins like XRP and Solana are registering over 5% losses in their weekly performance.&nbsp; 
Now, crypto investors <a href="https://x.com/HouseOfCrypto3/status/1789920462274748757" target="_blank" rel="nofollow">are turning</a> their attention to this week’s U.S. economic calendar, which is packed with events that could significantly sway the markets. The widely followed X account “The Kobeissi Letter” recently compiled the economic events expected to unfold this week. 
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 Key Events This Week: 1. April PPI Inflation data – Tuesday 2. Fed Chair Powell Speaks – Tuesday 3. April CPI Inflation data – Wednesday 4. April Retail Sales data – Wednesday 5. Philadelphia Fed Manufacturing data – Thursday 6. Total of 12 Fed speaker events this week…— The Kob…
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The post <a href="https://coinedition.com/market-awaits-us-economic-data-for-bitcoin-rally-to-72k-amid-stagnant-prices/">Market Awaits US Economic Data for Bitcoin Rally to $72K Amid Stagnant Prices</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Market Awaits US Economic Data for Bitcoin Rally to $72K Amid Stagnant Prices

Coin Edition

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