Crypto markets showed signs of recovery over the weekend, but a busy economic schedule in the United States this week could re-energize the bear market, CryptoPotato reported. The Federal Reserve’s key inflation indicator, which could affect future monetary policy, will be in focus.

Macroeconomic media Kobeissi Letter highlights the key events of this week. This week's key events include: March new home sales data (Tuesday), durable goods orders data (Wednesday), US 2024 first quarter GDP data (Thursday), March pending home sales data (Thursday), March PCE inflation data (Friday). In addition, about 20% of S&P 500 companies will release quarterly results this week.

The total crypto market capitalization returned to and remained at the $2.5 trillion level over the weekend, with Bitcoin leading the market after its fourth halving event. Ethereum recovered to $3,200 and is trading at $3,225 after a small correction. Altcoins such as LINK, NEAR, and DOT were also mostly in the green on Monday morning. If the PCE data later this week is far from expectations, market volatility may increase.