Crypto markets remained relatively inactive over the weekend, maintaining gains made last week following spot Ethereum exchange-traded fund approvals in the US. 📈🔒

More economic data such as consumer confidence and gross domestic product indicators are expected to be released this week. Since Monday is Memorial Day in the United States, markets will be closed and low volatility is expected for crypto assets.

On Tuesday, consumer confidence data will be released, which improved slightly in May compared to the previous month. On Thursday, we will see the Q1 2024 GDP Growth Annualized report, which provides advanced forecast and insight into the economic health of the previous quarter.

However, the U.S. Bureau of Economic Analysis estimates that the economy is slowing to an annualized growth rate of 1.5%, slightly lower than initial estimates.

Over the weekend, markets hovered around the $2.7 trillion market cap level. Monday morning's Asian trading session was quiet. Bitcoin is down slightly and sits just below $69,000 at the time of writing.

Ethereum prices rose 4% intraday to $3,900 following ETF approvals, while altcoins remained largely mixed.

US presidential candidate Donald Trump has given a major potential boost to the crypto industry, saying he would support its future in America if elected. However, this was not enough to move the markets.