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All's quiet in the crypto space despite U.S. stocks falling for a second day running amid rising inflation concerns. Despite BTC's volatile price, it has remained in a narrow range for much of the past month. As of the time of writing, the largest cryptocurrency by market cap is trading above the $30k threshold after experiencing a marginal dip over the last 24 hours. Some analysts believe that BTC will continue to hover around the $30k level until the release of key data points that could sway investors' expectations of the looming inflation.