At 2:37 pm IST, BTC surged 1% over the past 24 hours, trading just below $59,000. Ethereum, the second-largest cryptocurrency by market capitalization, also gained 2.5%.
Key data releases this week include the U.S. producer price data for July, due later on Tuesday, and the U.S. consumer price index (CPI) data for July, expected on Wednesday. The CPI data is anticipated to show a month-on-month inflation increase of 0.2%. Retail sales data is scheduled for Thursday.
Crypto Tracker
The broader cryptocurrency market showed mixed results. Major tokens such as BNB, Toncoin, Dogecoin, and Cardano gained up to 3%, while Solana, XRP, Tron, Avalanche, and Shiba Inu declined by up to 1%.“Bitcoin is trading sideways, seeking support around the $58,000 mark,” said the CoinSwitch Markets Desk….
