“Bitcoin has lost 4.8% in the last 24 hours, trading just above $58,500,” according to data published by CoinDesk Indices. This market sell-off has also impacted other major assets: Ether dropped by 3.5%, while Solana and Toncoin fell by 7%. “Cryptocurrency prices are likely to remain rangebound with a bias towards weakness,” said Augustine Fan, Head of Insights at SOFA.org. He also noted that upcoming economic releases could influence the market, but in the near term, further position adjustments are possible. Specifically, this week will see inflation data from the US and the UK, as well as earnings reports from major companies, which could increase volatility in the cryptocurrency market.