The US stock market and the cryptocurrency market saw some relief as we entered July. The upswing could be due to softer-than-expected jobs data, leading to a re-evaluation of the Federal Reserve’s chances of raising interest rates. Volatility, however, remains high. We have some key events spread through this week that could change the course investors take. Let’s discuss.

Key Events For The Stock And Cryptocurrency Markets

The S&P Global Services Purchasing Managers’ Index (PMI) for June is due on Monday, July 6, 2026. The figures will show the business activity across the private services sector. The PMI data will be followed by the ADP employment change data on Tuesday. Jobs in the US came in lower than expected for June, which may have led to a cryptocurrency and stock market rally.

Wednesday may see some market volatility as we receive the FOMC (Federal Open Market Committee) minutes. The minutes may have signs on the Federal Reserve’s stance and if the central bank aims to lower interest rates, keep interest rates unchanged, or hike interest rates. An interest rate change could impact the cryptocurrency and stock markets.

Thursday will bring the Initial Jobless Claims data and the June Existing Homes Sales data, which will give further insights into the market trend.

More Volatility Ahead?

The cryptocurrency market saw some relief after the June jobs data. The stock market also saw an upward momentum. This weeks key data revelations, however, may bring some volatility.

Also Read: Cryptocurrency Market Stalls After Slight Recovery: What Next?

The cryptocurrency market is still in bear territory and fresh volatility could lead to another price correction. Federal Reserve Chair Kevin Warsh has said that inflation risks have been diminished, which may lead to a rate cut. We may know better by the end of this week when more data is available.