Bitcoin is hovering above $62,000 on Tuesday as investors avoid taking aggressive positions ahead of a week packed with major macroeconomic events that could shape the outlook for both traditional and digital asset markets. Market participants are closely watching upcoming US inflation data, Federal Reserve commentary, and the start of the second-quarter corporate earnings season for fresh direction. US CPI report and Fed testimony in focus Analysts believe Tuesday’s US Consumer Price Index (CPI) report could serve as the week’s biggest market catalyst. A lower-than-expected inflation reading would likely strengthen expectations that the Federal Reserve could begin easing monetary policy later this year, supporting risk assets such as cryptocurrencies.
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