Bitcoin and the crypto market have been trading sideways for over two weeks, with most altcoins following this trend. However, upcoming macro events could bring new momentum to the market.
This week, investors should keep an eye on the release of the US Consumer Price Index (CPI) and Producer Price Index (PPI) for June, as well as consumer sentiment data. Wednesday, July 12th will be the most important day of the week, as the highly anticipated US CPI data for June will be released, potentially impacting the financial market and encouraging a new uptrend in Bitcoin and crypto prices.
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