BTC and ETH have recovered from overnight lows but remain in the red on a 24-hour basis. 💹

- Bitcoin (BTC) is trading close to $61,000, slightly above its overnight low of $60,400 but still down more than 1.5%.

- Ether (ETH) is trading 1.9% lower at $2,395, showing a similar price action.

- Other major altcoins BNB and SOL are down 1%, while XRP is down 0.6%.

The dollar index (DXY) rose to 102.97, putting pressure on the crypto market. 📉

The US inflation report could reinforce calls for the Fed to hold off on rate cuts. Share your views in the comments! 👇