On Sunday, Bitcoin (BTC) traded below $89,000 at $88,717.44, reflecting a 0.9% decline over 24 hours, though up slightly for the week. As investors adopt a cautious stance ahead of significant economic data and central bank meetings, Ethereum (ETH) also dipped to $3,074.06 but showed over 2% growth in the past week. The broader crypto market remained sluggish, with altcoins like Solana, XRP, and Cardano (ADA) facing double-digit losses over the month. The total cryptocurrency market cap was approximately $3.15 trillion, down 0.8% in 24 hours. Analysts warn that Bitcoin could face lower levels if it fails to hold the critical $86,000 support. As macroeconomic indicators loom, including employment metrics and potential interest rate hikes by the Bank of Japan, traders are cautious. The present market atmosphere is characterized by thin liquidity and a wait-and-see approach as participants seek signals for future trends.
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