Crypto markets remained flat over the weekend after falling last week, bringing total capitalization down to $2.38 trillion. 📉

This week's economic calendar could create further volatility with key inflation data as well as a series of Federal Reserve speeches. This could determine the course of monetary policy moving forward. 📆

There will be a total of 12 Federal Reserve speaker events this week, including Jerome Powell on Tuesday.

Bitcoin prices were around $61,000 at the time of writing and are down 4.3% from the same time last week. Ethereum failed to recover after falling below $3,000 on May 10 and was in a short-term bearish trend at $2,900 at the time of writing.

The majority of altcoins are in the red, with larger losses for Solana, Dogecoin, Avalanche, and Near Protocol.

This week's US Inflation Reports Are Expected to Rock Crypto Markets.