Bitcoin traders await inflation data to confirm new bull market.

Bitcoin and other cryptocurrencies have remained stable over the weekend, but the recent rally in digital assets seems to be fading. The price of Bitcoin has risen less than 1% over the past 24 hours to $27,850, remaining shy of a recent peak near $29,000. Crypto traders may have to wait until Friday for the next major catalyst, and the $30,000 level is still seen as key after a rally that has carried Bitcoin up from around $16,500 since the start of the year.