Bitcoin has surpassed $61,000, recovering some of the losses from its early August sell-off. BTC has risen more than 4% in the past 24 hours, outperforming the broader crypto market, which was up just over 2% as measured by the CoinDesk 20 Index. Despite the rally, some trading funds remain cautious amid a busy week of data releases, warning of short-term swings that could derail the upside. “Investors remain cautious ahead of this week's US CPI,” crypto trading firm QCP Capital said in a Telegram broadcast. “Investors will be keeping a close eye on inflation numbers to get guidance on whether the Fed will cut rates by 50 basis points or 25 basis points in September. Odds are now 50-50.”
