Odaily Planet Daily reports that IG analyst Chris Beauchamp stated that the cryptocurrency market is gradually recovering, but due to investors’ continued caution, funds are still flowing out of crypto funds, and gains remain limited. He pointed out that the price lacks the new capital inflow needed for a strong rebound, and Bitcoin must stay above $95,000 to confirm a sustained rise. Currently, the market’s focus is on US inflation data, bank earnings reports, and the upcoming Senate hearing on the structure of the cryptocurrency market.
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