Bitcoin traded near $62,000 on Monday, holding onto recent gains as investors adopted little conviction ahead of key macroeconomic reports this week. In a report on Monday, QCP analysts highlighted that Tuesday's US Consumer Price Index (CPI) data could be the first major catalyst to decide the market's direction. A softer-than-expected inflation reading could strengthen expectations for Federal Reserve (Fed) policy easing later this year. On the other hand, another upside in CPI may reinforce the case for keeping interest rates higher for longer. QCP also highlighted Federal Reserve Chair Kevin Warsh's upcoming ... (full story)