Crypto markets spent the weekend relatively stable, having failed to recover from last week's $300 billion crash. 😐 Investors are keeping a close eye on this week's CPI report, which could indicate the direction of economic recovery.

Fed Chairman Jerome Powell will testify before the Senate and House of Representatives on Tuesday and Wednesday, focusing primarily on monetary policy. 👀

The consumer price index report for June is expected to be published on Thursday. It is one of two key indicators used to measure inflation in the United States.

On Friday, the June Producer Price Index (PPI) report, which measures the cost of producing consumer goods, will be released.

Unfortunately for cryptocurrency investors, markets have come under selling pressure due to the Mt. Gox and the actions of the German government. The industry's overall capitalization fell 3.4% Monday morning to $2.14 trillion.