Bitcoin Price Volatile Ahead of Key Inflation Data

Cryptocurrency markets are holding steady as investors wait for key inflation data this week. Bitcoin has been fluctuating between $63,100 and $64,400 over the past day, while its trading volume decreased.

Ethereum also saw a drop in trading volume, but XRP and Dogecoin closed higher than the previous day's prices.

Around $170 million was liquidated from the market in the last 24 hours, with long position traders bearing the brunt of the losses. Bitcoin's open interest rose 0.94% over the past day, which could be a sign of bearish sentiment.