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The crypto market is starting the week quietly after a recent drop, with total market capitalization at $2.38 trillion.
This week's economic schedule brings potential volatility, featuring key inflation data releases and Federal Reserve speeches.
1. Tuesday: April PPI Inflation data and Fed Chair Powell's speech.
2. Wednesday: April CPI Inflation data and Retail Sales data, crucial for gauging consumer behavior.
3. Thursday: Philadelphia Fed Manufacturing data, providing insights into economic activity.
Additionally, there will be a total of 12 Fed speaker events throughout the week.
Amidst these events, Elon Musk's recent comment comparing the Federal Reserve to a Monopoly bank drew attention.
In the crypto realm, Bitcoin holds at $61,000, down 4.3% from last week. Ethereum aims to recover $3,000. Altcoins like Solana, Dogecoin, Avalanche, and Near Protocol show varied performance.
Observers will closely watch economic releases and Fed talks for market insights and sentiment shifts.