This week promises to be a significant one for economic reports in the United States, leaving many to wonder how the crypto market will react. As the Federal Reserve meeting approaches on June 12, investors are keenly awaiting crucial employment data that will shape the Fed's future policy decisions. The crypto market has experienced minimal fluctuations over the weekend, with most digital assets remaining stable.

The week's economic events will begin on Monday with the release of May's ISM Manufacturing PMI (Purchasing Managers' Index) report, which assesses business conditions in the U.S. manufacturing sector. This data serves as a reliable leading indicator for evaluating the state of the U.S. economy and anticipating changing economic trends. The services sector, contributing over 70% to the U.S. GDP, may be considered even more important. On Wednesday, the May ISM Services PMI will be released, providing another leading indicator of changes in economic conditions.

Friday's Payrolls and Unemployment reports from the Labor Department's Bureau of Labor Statistics are highly anticipated, as they reveal the number of new jobs created during the previous month and the percentage of active employment seekers. Policymakers closely follow these figures, which are strongly associated with the overall health of the economy. The Fed also carefully considers labor market changes when determining its policy decisions. According to Global Macro Investor, "It will be key to see whether the US labor market continues cooling." Wall Street analysts predict the addition of 180,000 new jobs and an unchanged unemployment rate of 3.9%. However, revised US labor market data already indicates a recession.

Despite the significance of this week's employment and economic reports, it is unlikely that they will have a substantial impact on crypto markets, which are more closely influenced by CPI inflation reports. The total market capitalization has remained relatively stable over the past few days, standing at $2.68 trillion. Nevertheless, Bitcoin prices have begun to rise during the Monday morning Asian trading session, increasing by 1.4% to reach $68,619. Since failing to surpass $70,000 in late May, Bitcoin has remained tightly rangebound. Ethereum has recovered minor losses to return to $3,800, while altcoins have experienced minimal fluctuations, aside from Toncoin, which has gained 10% over the past 24 hours.