The cryptocurrency market has experienced minimal change over the weekend, with total capitalization remaining steady at $2.54 trillion. The upcoming US holiday is expected to lead to a lull in both stock and cryptocurrency markets. However, the release of key economic data, including retail sales and PMI reports, may provide valuable insights into the direction of economic recovery. The release of May's retail sales reports on Tuesday is expected to be a key event, providing information on consumer spending habits and inflation pressures.

The US industrial production reports, due on May 18, are expected to have minimal impact on the market. However, the S&P Global Manufacturing PMI report for June, due on Friday, may provide a vital indicator of business conditions and the overall economic climate in the US. Some analysts believe the Federal Reserve's policy outlook is shifting towards a more conservative stance, which may lead to a rate cut in the coming months. This could benefit high-risk assets like altcoins, providing easier access to capital for investments.

Despite these economic events, it is unlikely that this week's reports will significantly impact the crypto asset markets, with another week of low volatility expected. Bitcoin has experienced a slight decrease, trading below $66,000, while Ethereum has fallen back to under $3,500. The altcoin market has seen more losses than gains, with Shiba Inu, Avalanche, Uniswap, and Near Protocol experiencing larger losses.

The cryptocurrency market's stability is a welcome respite for investors, following a period of significant volatility. The upcoming economic data may provide valuable insights into the direction of the market, but it is unlikely to lead to any significant changes in the short term. As the market continues to evolve, investors are advised to remain cautious and informed.

The release of key economic data may provide a vital indicator of the direction of the market, but it is unlikely to lead to any significant changes in the short term. The cryptocurrency market's stability is a welcome respite for investors, following a period of significant volatility. As the market continues to evolve, investors are advised to remain cautious and informed, with a focus on long-term investments rather than short-term gains.