Factors affecting the cryptocurrency market this week:

1. US economic reports

This week carries important economic reports that may directly affect the markets, most notably:

Job openings report (released today).

Non-farm payrolls data (announced Wednesday).

Payrolls and unemployment report (expected Friday), which shows the strength of the US labor market.

Investors will also follow the University of Michigan Consumer Confidence Index on Friday, which reflects consumers' views on the economy and inflation.

This data comes at a sensitive time ahead of the Federal Reserve's upcoming meeting on January 29.

2. Stock market and China's real estate crisis

With the start of the Q4 2024 earnings season, the results of major companies may affect the general state of financial markets.

On the international side, the real estate sector crisis in China continues to cast a shadow over global markets, raising concerns about broader effects on the economy.

3. Bitcoin and Ethereum performance

Bitcoin recorded its highest level in the past ten days on Monday morning, with weekly gains of 7.5%.

Ethereum also made a notable rise to $3,670, its best performance since December. This positive performance, along with the stability of #altcoins, reinforces expectations for continued market momentum this week.