This week, investors are focusing on key reports that could offer insights into the health and outlook of the U.S. economy. The most anticipated Personal Consumption Expenditures (PCE) report serves as the Federal Reserve's preferred inflation measure. There are also reports on consumer sentiment and inflation expectations data that could shake markets.

There are also a total of 8 Federal Reserve speaker events this week. From a cryptocurrency market perspective, ahead of such a busy data week on the economic calendar, there could be more volatility for risky assets like crypto.

Total capital fell another 5% in the last 24 hours, reaching a six-week low of $2.35 trillion. Markets are down 11% so far this month, an outflow of nearly $300 billion.

Bitcoin fell 4% towards $61,000 but managed to stay above that, trading at $61,300 at the time of writing. Ethereum suffered more, falling to a six-week low of $3,310 during Asian trading on Monday.

Altcoins continued to bleed, with heavier losses for Solana (SOL), Dogecoin (DOGE), Shiba Inu (SHIB), and Avalanche (AVAX), which fell to this year's low over the weekend. 📉📊