🎉Hey there, BTC enthusiasts!🎉 Over the weekend, crypto markets remained pretty stable, with total capitalization hovering around $2.54 trillion. 📊

With a holiday in the US this Wednesday, stock markets will be closed and crypto markets are likely to be quiet. 🇺🇸🎆 But keep your eyes peeled for retail sales data and PMI reports that could hint at the direction of economic recovery. 🧐

Upcoming key events include May's retail sales data on Tuesday, June's Philly Fed Manufacturing Index on Thursday, and S&P US Manufacturing/Services PMI data on Friday. 📅

Many analysts believe the Federal Reserve's policy outlook is leaning towards a more conservative stance. However, if economic reports confirm the outlook of disinflation and price pressures returning to normal, rate-cut expectations may be brought forward. This could be good news for high-risk assets such as altcoins. 💰🚀

But don't hold your breath just yet! The U.S. central bank is now projecting just one rate cut this year, down from the three forecasted in March, so altseason may be a few months away. 📉

As for Bitcoin, it's trading below $66,000 after spending the weekend just over that level. Ethereum reached $3,645 during Asian trading but fell back to under $3,500. There was more red than green across the altcoins, with larger losses for Shiba Inu, Avalanche, Uniswap, and Near Protocol. 😬

So, will this week's economic data lift crypto markets from lethargy? Stay tuned to find out! 🤔🔮