Bitcoin's surge past $61,000 comes as a recovery from earlier losses, while major tokens also see gains despite caution from some traders ahead of key inflation data.
Investors remain cautious ahead of US CPI this week, as they will closely watch inflation numbers for guidance on Fed interest rate adjustments.
QCP Capital warns of potential short-term tremors that could hinder Bitcoin's ongoing rally, emphasizing a split in odds regarding future Fed rate cuts.
Richard Kelly from TD Securities expresses hesitation about declaring the end of the carry trade unwind, suggesting that further losses could still occur.
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