Crypto Market Halts in Anticipation of US Inflation Data

The cryptocurrency market is experiencing a period of low volatility as investors await the release of the latest US Consumer Price Index (CPI) figures, scheduled for later this week.

Bitcoin's inability to break above the $64,000 resistance level suggests a cautious sentiment among traders. Ethereum and XRP are also trading in narrow ranges, reflecting the broader market's wait-and-see approach.

The upcoming CPI report is expected to provide fresh clues about the Federal Reserve's monetary policy trajectory, which has a significant impact on risk assets like cryptocurrencies.