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How will this week’s US GDP and inflation data shake crypto markets?

Crypto markets fell sharply this week, with Bitcoin seeing a drop of over 5%, trading just under 100,000 USD, while Ethereum declined more than 6% to 3,100 USD. The overall market capitalization decreased by 5.3%, totaling 3.56 trillion USD as traders reacted to economic shifts.

The upcoming releases of key economic data, such as consumer confidence and GDP growth estimates, may influence market sentiment. With major tech companies reporting earnings this week, their performance could also sway investor confidence in the crypto sector.

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