Crypto markets have remained relatively inactive over the weekend, maintaining gains made last week in the wake of spot Ethereum exchange-traded fund approvals in the United States.
This week will see the release of more economic data such as consumer confidence and gross domestic product indicators.
Economic Calendar May 27-31
Monday is Memorial Day in the U.S., so markets will be closed, and low volatility is expected for crypto assets.
Tuesday will see the release of consumer confidence data which has improved slightly in May from the previous month with better-than-expected weekly jobless claims and manufacturing and services PMIs last week.
Thursday, we will see the Q1 2024 GDP Growth Annualized report, which provides an advanced estimate and insight into the economy’s health from the previous quarter.
However, the U.S. Bureau of Economic Analysis estimates that the economy has slowed to an annualized growth of 1.5%, slightly lower than initial estimates.
Key Events This Week:
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