📉💰 Crypto Market Stagnant Amidst Economic Uncertainty: Key Events to Watch This Week📆🌐

The cryptocurrency market faced a sluggish weekend following a decline last week, pushing the total market capitalization down to $2.38 trillion. With a slew of key economic events on the horizon, including inflation data releases and Federal Reserve speeches, investors are bracing for potential market volatility in the days ahead. 📉💼

Here's what's on the agenda:

📊 **Tuesday**: Keep an eye out for the core Producer Price Index (PPI) report, a critical gauge of input prices for producers and manufacturers. This data serves as a precursor to inflationary pressures and can influence retail pricing. Federal Reserve Chair Jerome Powell is also scheduled to deliver a speech on Tuesday, adding to market anticipation. 💬📈

📈🛒 **Wednesday**: The spotlight shines on April's Consumer Price Index (CPI) inflation data and retail sales data releases. These reports directly impact price trends, consumer spending, and business outlooks, and can influence the Federal Reserve's policy rate decisions. The Core CPI report, one of the main indicators used to measure inflation, will be closely watched by market participants. 💵🛍️

🏭 **Thursday**: The release of the Philadelphia Fed Manufacturing data rounds out the week's key events, providing further insights into economic activity and manufacturing sector health. Additionally, there will be a total of 12 Federal Reserve speaker events throughout the week, adding to market chatter and speculation. 📊🗣️

In the midst of this economic backdrop, the crypto market remains on shaky ground. Bitcoin prices hovered around $61,000, down 4.3% from last week, while Ethereum struggled to reclaim the $3,000 mark, remaining bearish at $2,900. Many altcoins experienced losses, with notable declines seen in Solana, Dogecoin, Avalanche, and Near Protocol. 📉🪙

As uncertainty looms over both traditional and digital markets, investors are urged to stay informed, exercise caution, and brace themselves for potential market swings in the days ahead. 🚨💡