The upcoming release of key US inflation data, combined with multiple Federal Reserve speeches, is likely to cause volatility in the crypto market. This week's economic calendar is packed, with the core PPI report due on Tuesday and the core CPI report on Wednesday. The CPI report is a crucial indicator of inflation and directly impacts monetary policy decisions.

If inflation continues to rise, it will mark the third consecutive monthly increase. Meanwhile, Elon Musk has criticized the Federal Reserve, comparing it to the Monopoly board game, which can print new money when needed.

Crypto markets have remained flat over the weekend, with little movement among major cryptocurrencies. Bitcoin is trading around $61,000, down 4.3% from last week, while Ethereum has failed to recover above $3,000 and remains bearish at $2,900.

Altcoins are predominantly in the red, with larger losses for Solana, Dogecoin, Avalanche, and Near Protocol. The total capitalization of crypto markets has dropped to $2.38 trillion.