Bitcoin dipped below $59,000 after being above $60,000 for most of the weekend. BTC was trading around $58,550 in the European morning, marking a 2.4% decrease over 24 hours at the beginning of a week when traders are anticipating the Federal Reserve’s first interest-rate cut in over four years. The broader digital asset market, as measured by the CoinDesk 20 Index (CD20), is down by 3.6%. Crypto markets received a boost from positive U.S. economic data on Friday, leading to a brief rally. Bitcoin ETFs saw inflows of over $263 million, the highest since July 22, with ether equivalents adding approximately $1.5 million.
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