Despite the rising US dollar index, Bitcoin's price has remained strong, potentially due to Nvidia's impressive surge in value. This week, important economic and financial data, including US consumer confidence and employment figures, are expected to impact the crypto market.
The ongoing uncertainty surrounding the timely resolution of the US debt ceiling increase has accelerated the upward momentum in the crypto market, leading to a significant recovery for Bitcoin. Key events to watch this week include the launch of retail trading in Hong Kong and the release of US labor market data.
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