Key events likely to shape crypto trading this week.

As Bitcoin leads the recovery in the cryptocurrency market, traders may want to pay attention to key events that could shape sentiment this week, including the United States (US) Federal Reserve Chair Jerome Powell's speech on Tuesday at the ECB Forum in Sintra (Portugal), followed by the Job Openings and Labor Turnover Survey (JOLTS) on the same day.

The Ethereum community conference will take place from Monday to Thursday, while the US ADP Nonfarm Employment Change report is expected on Wednesday.

Two crypto Index Exchange Traded Funds (ETFs) proposals by Hashdex and Bitwise have their deadlines on Wednesday, with the Securities and Exchange Commission (SEC) expected to release its decision.

On Thursday, traders can anticipate the release of the US Nonfarm Payrolls (NFP) and jobless claims reports. US markets will be closed on Friday, July 4, as the country marks Independence Day.

Data spotlight: Digital asset fund flows hit $17.8 billion YTD

Interest in digital asset investment products has maintained a bullish outlook since the start of the year, reaching $17.8 billion, according to the CoinShares weekly report released every Monday.