BTC, which has been unable to go beyond the $58k mark for the last week, continued its sideways run as the overall volumes being traded dropped across the markets. For the short term, $54k is the big support, while $60k is the resistance level to watch.
After making a series of positive remarks about boosting the crypto sector, US presidential candidate Donald Trump is set to speak at the Bitcoin conference later this month to boost his pro-crypto image further.
Look out for US inflation data which is expected at 6 p.m. today. If the reading comes lower than expected, it can be bullish for the market whereas a higher reading will likely start another downward move.
