Subject:* Bitcoin’s Choppy Trading Sparks Debate: Echoes of 2021 or New Bull Run Ahead?
Crypto Daybook Americas
Your morning briefing on overnight crypto market action and key events ahead
By Omkar Godbole
Good morning, crypto traders!
Bitcoin ([BTC](https://www.coindesk.com/price/bitcoin/) $106,914.37) continues to hover near January’s highs around $110,000, but its choppy price action has analysts divided. Some see eerie similarities to 2021, when BTC topped out with twin peaks near $70,000 before the bear market took hold. Others argue this cycle is different—fueled by institutional adoption, ETF inflows, and macroeconomic tailwinds.
### Key Overnight Moves
- BTC Rangebound: Bitcoin traded between $105,000 and $108,000 overnight as bulls and bulls wrestle for control.
- Altcoin Watch: Ethereum ([ETH](https://www.coindesk.com/price/ethereum/)) held steady above $5,800, while Solana ([SOL](https://www.coindesk.com/price/solana/)) saw a slight dip amid network congestion concerns.
- Macro Factors: Traders await today’s U.S. CPI data—a hotter-than-expected print could weigh on risk assets.
### Today’s Calendar
- 7:30 AM ET: U.S. CPI release (Market-moving potential!)
- 10:00 AM ET: Fed Chair Powell speaks
- Key Earnings: Crypto-correlated stocks (e.g., Coinbase, MicroStrategy) in focus