A busy week of US labor market data lies ahead as crypto continues to cool amid increasing macroeconomic headwinds.

Crypto markets remained flat over the weekend following heavy losses last week. Bitcoin and Ether remain weak, with no immediate catalysts to spur a recovery.

Meanwhile, fresh labor market data and updated readings on manufacturing and services activity are on the table this week.

“We also await further details about a potential US-Iran deal, which appears to be dragging on again,” said the Kobeissi Letter.

Economic Events June 1 to 5

May’s ISM Manufacturing PMI report is due on Monday, which will shed light on the US manufacturing sector.

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