Crypto markets are anticipating several US economic events this week, which could impact traders’ sentiment and strategies, likely leading to market volatility. Bitcoin is currently holding above the $90,000 level.

Key US economic indicators include initial jobless claims, with recent figures suggesting a healthy labor market, potentially boosting financial markets and crypto investments. Lower jobless claims mean higher disposable income, benefiting assets like Bitcoin.

The S&P Global US Manufacturing PMI, due Friday, could signal manufacturing sector health. A higher reading may enhance investor confidence, benefiting crypto markets as investors seek high-yield investments like Bitcoin.

Similarly, the S&P Global Services PMI will provide insights into the service sector's health. A higher PMI indicates growth, creating optimism in financial markets and fueling interest in cryptocurrencies.

Nvidia's Q3 earnings announcement is expected to highlight demand for GPUs in crypto mining, gaming, and AI, possibly impacting AI-focused cryptocurrencies. Nvidia's performance typically influences AI-related token prices.

Nvidia's earnings report might affect the sentiment around AI stocks and cryptocurrencies, including Render, Worldcoin, Near Protocol, and Bittensor. Nvidia's potential shareholder lawsuit regarding crypto mining revenue could add volatility to related sectors.