Bitcoin (BTC) and ether (ETH) were little-changed on Monday, but a number of crypto gainers from last week were pulling back. In macro news to come this week, investors will be focusing on U.S. inflation figures on Wednesday for signals regarding the Federal Reserve’s next move. Since breaking above $30,000 in June, bitcoin has traded between $29,500 and $31,500. “These levels could be important in the near-term,” said SEBA Bank in a morning note. “With U.S. CPI expected this week, a break of either level could see a trend emerge.” Among those cryptos giving back some of last week’s gains were Avalanche’s AVAX, down 5% over the past 24 hours, and Solana’s SOL, which dipped 4% over the same time frame.
- First Mover Americas: Bitcoin Holding Above $30K After Quiet Weekend
Written by Bankerage Published on July 10, 2023