Crypto Daybook Americas: Bull Momentum Stalls Ahead of Fed Rate Cut

Bitcoin and ether's bullish momentum faces challenges due to a higher-than-anticipated U.S. Producer Price Index, while the Truflation index raises investor concerns. Despite this, Fed fund futures suggest a potential rate cut next week, and decentralized exchanges show continued bullish sentiment, especially with substantial open interest in BTC call options. The Avalanche cryptocurrency struggles at a resistance level as it prepares for a major upgrade, and a humorous token called Fartcoin gains significant traction in the market. Investors are advised to stay alert with several upcoming economic events and potential volatility in crypto markets. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk