The upcoming week holds a packed calendar of economic data releases and key events that could significantly impact the cryptocurrency market. While US markets are closed for Memorial Day, economic news and geopolitical tensions will continue to influence crypto prices. 5 things to watch this week include: 1) The release of consumer confidence data on Tuesday, providing insights into consumer spending patterns; 2) The Federal Reserve’s May minutes meeting on Wednesday, offering more clues about the central bank’s potential rate cuts; 3) US Q1 GDP data released Thursday, shedding light on economic growth for the first quarter of 2025. 4) On Friday, we expect the release of April’s Core Personal Consumption Expenditures (PCE) inflation report, providing insights into inflation trends through consumer spending; and 5) The release of Michigan Consumer Sentiment Index Inflation Expectations on Friday. Crypto markets reacted positively to Trump’s extension of the EU tariff deadline. Bitcoin (BTC) saw a brief surge following the news before settling at around $109,500. Ethereum traded near its support level of $2,500 and is showing modest gains, while altcoins such as Solana and Cardano exhibited stronger movements with Solana seeing notable gains. 2025’s Q1 GDP data shows that the U.S. economy contracted. The week also features a crucial earnings report from Nvidia on Wednesday, which could impact AI token prices. 2025 marks a significant year for crypto as we await further developments in regulation and institutional adoption.