Crypto Market Stays Cautious Ahead of US CPI Report

Crypto market sentiment remains subdued as investors await the release of the US Consumer Price Index (CPI) report on Wednesday. Bitcoin has been trading below $64,000 for some time and is expected to remain under pressure despite a mild recovery in Ethereum.

Ethereum has shown signs of recovery but remains below the $1,900 hurdle, while Ripple continues to struggle above the critical $1.00 support level.

The US Bureau of Labor Statistics (BLS) is forecasting a small decline in consumer inflation and core inflation, with monthly CPI predicted to rise by 0.1% against a backdrop of a 0.4% increase in June.