According to @KobeissiLetter, traders should closely monitor several key events this week: the July S&P Global Services PMI on Monday and the ISM Non-Manufacturing PMI on Tuesday, which historically move both equity and crypto markets by signaling economic strength or weakness. The 10-Year Note Auction on Wednesday and Initial Jobless Claims data on Thursday will provide crucial insight into U.S. economic health and interest rate outlook, with direct implications for risk sentiment and crypto market volatility. Additionally, five scheduled Fed speaker events and earnings reports from about 20% of S&P 500 companies could drive market-wide volatility, potentially impacting Bitcoin (BTC), Ethereum (ETH), and other major cryptocurrencies as traders adjust positions in response to macroeconomic signals and equity performance (source: @KobeissiLetter).

According to MilkRoadDaily, traders should closely monitor several major economic events this week, including the release of S&P Global Services PMI and ISM Non-Manufacturing PMI data, as well as the latest Initial Jobless Claims figures. Additionally, around 20% of S&P 500 companies are reporting earnings. These events are likely to impact traditional markets and crypto price action, as macroeconomic data and corporate earnings can influence risk sentiment and liquidity flows (source: MilkRoadDaily via Twitter, May 5, 2025).