Major cryptocurrencies experienced gains before the U.S. market opened on Monday, with the total market capitalization of the sector reaching its highest point in about a month, now at $2.23 trillion following a robust close last week. Bitcoin (BTC) rose over 1.3% in the last 24 hours, trading around $63,565. Ethereum (ETH) saw an increase of approximately 2.9%, trading at $2,651, while Solana (SOL) dropped more than 0.6% to $144.22.
The overall global cryptocurrency market capitalization climbed by 1.5% to $2.23 trillion. The CoinDesk Market Index also reported a rise of about 1.4% in the past 24 hours.
On Friday, Bitcoin spot exchange-traded funds recorded total net inflows of $92 million, as reported by Farside Investors. Meanwhile, Ethereum ETFs experienced combined net inflows of $2.9 million.
This week, investors are focused on the S&P Global Purchasing Managers’ Index report, scheduled for 9:45 AM ET on Monday, along with comments from Federal Reserve officials such as Austan Goolsbee, president of the Chicago Fed, and Neel Kashkari, president of the Minneapolis Fed.
On Wednesday, data will include new home sales for August and weekly mortgage applications, while Thursday will present unemployment claims figures.
Friday’s agenda features the critical report on personal income and spending for August, alongside the University of Michigan’s consumer sentiment survey for September.