As the week kicks off, all eyes are on the United States' upcoming economic reports, which could shake up the crypto market's recent recovery.

Tuesday brings new data on home sales, alongside preliminary readings on manufacturing and services sectors' conditions, providing insight into the nation's economic health.

On Thursday, attention shifts to the initial estimate of Q1 GDP growth, with a slight uptick predicted by the Atlanta Fed. Friday will see the release of the Core PCE report, a key indicator for inflation, along with consumer sentiment and inflation expectation reports.

With inflation lingering above the Fed's target, any surprises in these reports could sway market sentiment significantly. Additionally, a slew of S&P 500 companies, including Microsoft and Alphabet, will report their quarterly earnings, adding to the week's economic buzz.

Meanwhile, the crypto market has stabilized around the $2.5 trillion mark, with Bitcoin leading the charge after its recent halving event. Ethereum has reclaimed $3,200, while altcoins like LINK, NEAR, and DOT are showing promising gains.

However, market volatility could spike if the PCE figures diverge significantly from expectations later in the week.

In conclusion, the crypto market's upward momentum faces a crucial test amidst forthcoming inflation data and corporate earnings reports. Investors are keeping a close watch on these economic indicators for clues about future market trends.