Crypto markets remained stable over the weekend, but a series of events might affect their dynamics in the coming days.
Current State of the Crypto Market
The current crypto market is valued at $2.33 trillion. Bitcoin traded in a stable price range, hovering around $64,000 after hitting a high early Monday morning in Asia. Ethereum followed Bitcoin and traded in a range of around $2,460, reaching $2,500 on Monday morning. Altcoins also showed minor gains.
Economic Events of the Week
This week, investors are focused on economic reports and meetings. Thursday will see the release of September's Retail Sales report, revealing how much money consumers spent. There will also be the Industrial Production report, showing the production levels in industries like manufacturing, mining, and utilities.
Fed Officials' Speeches and Companies' Reports
Several Fed officials will deliver remarks this week, including Christopher Waller and Mary Daly. Additionally, earnings reports are expected from major banks, including Goldman Sachs and Morgan Stanley.
The combination of economic reports and geopolitical events can significantly impact Bitcoin's value and the overall crypto market this week.