Crypto markets remained flat over the weekend following heavy losses last week. Bitcoin and Ether remain weak, with no immediate catalysts to spur a recovery.<\/p>\n
Meanwhile, fresh labor market data and updated readings on manufacturing and services activity are on the table this week.<\/p>\n
\u201cWe also await further details about a potential US-Iran deal, which appears to be dragging on again,\u201d said the Kobeissi Letter.<\/p>\n
May\u2019s ISM Manufacturing PMI report is due on Monday, which will shed light on the US manufacturing sector.<\/p>\n
This is followed by April\u2019s JOLTS Job Openings data on Tuesday and May\u2019s ISM Non-Manufacturing PMI data on Wednesday.<\/p>\n
Initial Jobless Claims data is on Thursday, and the big May Jobs Report is due on Friday.<\/p>\n
The labor market data is keenly eyed as it is one of the Federal Reserve\u2019s two mandates for monetary policy decisions. The outlook is currently mixed, with more-than-expected hiring in April and May, but experts are divided.<\/p>\n
Some economists believe the labor market is rallying after a slow year in 2025, while others claim the growth reflects surging demand for health care workers driven by an aging population rather than economic expansion, according<\/a> to reports.<\/p>\n Key Events This Week:<\/p>\n 1. May ISM Manufacturing PMI data \u2013 Monday<\/p>\n 2. April JOLTS Job Openings data \u2013 Tuesday<\/p>\n 3. May ISM Non-Manufacturing PMI data \u2013 Wednesday<\/p>\n 4. Initial Jobless Claims data \u2013 Thursday<\/p>\n 5. May Jobs Report \u2013 Friday<\/p>\n 6. Total of 7 Fed Speaker Events This Week\u2026<\/p>\n \u2014 The Kobeissi Letter (@KobeissiLetter) May 31, 2026<\/a><\/p>\n\n The major stock indexes finished<\/a> a month of gains at record highs last week, buoyed by enthusiasm for tech stocks and dipping oil prices, but crypto remained deep in bear territory.<\/p>\n May ended with Bitcoin losing 3.6% following two green months. It made a weekend high<\/a> of $74,000 but could not advance further and fell back towards $73,000 during Monday morning trading.<\/p>\n The asset has lost 5% over the past week and is moving to the lower bands of its four-month-long range-bound channel.<\/p>\n Ether had lost the $2,000 level again on Monday morning after spending most of the weekend just above it.<\/p>\n \u201cSeveral meaningful catalysts are converging in June that could prove significant for Bitcoin\u2019s near-term trajectory,\u201d reported<\/a> 10x Research on Monday.<\/p>\n \u201cThe headwinds are real and visible: ETF outflows, stablecoin contraction, and trading volumes at historic lows all point to near-zero conviction, but that is precisely the environment we anticipated for a major cycle bottom.\u201d<\/p>\n The post 3 Things That May Move Bitcoin Price This Week<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Crypto markets remained flat over the weekend following heavy losses last week. Bitcoin and Ether remain weak, with no immediate catalysts to spur a recovery. Meanwhile, fresh labor market data and updated readings on manufacturing and services activity are on the table this week. \u201cWe also await further details about a potential US-Iran deal, which […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-173185","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/173185"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=173185"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/173185\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=173185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=173185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=173185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Crypto Market Outlook<\/h2>\n