The crypto market is preparing for potential volatility as investors anticipate key economic data releases and testimony from Federal Reserve Chairman Jerome Powell this week. The upcoming statements and data, including Powell's testimony on monetary policy and the release of the US CPI report for January, could shape market sentiment and impact cryptocurrencies. Investors will closely watch for hints about future monetary policy moves and insights into the health of the US economy. The outcome of these developments may set the tone for Bitcoin, Ethereum, and other altcoins in the near term.



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