Crypto markets ticked up slightly over the weekend and reached a weekly high during Monday morning trading in Asia. However, this week’s inflation reports could temper further gains.
U.S. stock futures slipped on Monday as peace talks over the Iran conflict stalled and President Trump criticized Iran’s response to the proposed terms. At the same time, oil jumped roughly 4%, returning to about $100 per barrel.
Iran rejected dismantling its nuclear facilities in its response to the U.S. proposal, prolonging the impasse. Markets will also be watching President Trump’s planned visit to China this week and the expected summit with Chinese leader Xi Jinping.
Economic Events May 11 to 15
April’s consumer price index (CPI) inflation data is due Tuesday. The report will shed light on how higher energy costs are affecting inflation and the likelihood of the Federal Reserve cutting interest rates in the coming months.
Producer price index (PPI) data follows on Wednesday and will provide additional insight into underlying inflationary pressures, which many expect to have been pushed higher by the conflict in the Middle East.
Other important releases this week include April existing home sales and April retail sales on Thursday, which will indicate whether consumer spending remains resilient despite rising energy costs. Weekly jobless claims are also due Thursday, and industrial production figures are scheduled for Friday.
Key Events This Week:
1. April Existing Home Sales data – Monday
2. April CPI Inflation data – Tuesday
3. April PPI Inflation data – Wednesday
4. OPEC Monthly Report – Wednesday
5. April Retail Sales data – Thursday
6. April Industrial Production data – Friday
More crucial…
— The Kobeissi Letter (@KobeissiLetter) May 10, 2026
“For incoming Fed Chair Kevin Warsh, these [jobs] numbers are likely to kill off any prospect of a near-term rate cut,” said Nick Rees, head of macro research at Monex, as quoted by the Wall Street Journal.
“A resilient labor market raises the risk that rising energy costs will translate into a broader-based increase in price growth,” he added.
Crypto Market Outlook
Crypto market capitalization rose nearly 1% over the past 24 hours to roughly $2.8 trillion on Monday, the highest total since late January.
Bitcoin led the gains, topping $82,300 in late Sunday trading before pulling back to around $81,000 Monday morning. The token has climbed steadily, gaining about 11% over the past month.
Ether reached approximately $2,380 but encountered resistance and eased slightly during Asian trading. Altcoins were mixed overall, with stronger moves from XRP, Solana, Cardano, and Sui. Sui surged nearly 20% after activity in prediction markets helped drive demand.