Crypto shares extended gains in overnight trading as bitcoin rose above $122,000. GameSquare, BMNR up over 15%; SBET up nearly 13%; BTCS, BTCM up 9%; Upexi up 8%.

Fed Governor Michelle Bowman, who dissented from the Committee’s decision to hold the policy rates steady last week, advocated for three rate cuts in 2025, owing to labor market weakness.

This week, investors will be watching for key inflation figures, including the consumer price index on Tuesday and the producer price index on Thursday, which might influence the Fed's monetary policy.

Analyst Expects ‘Wild Week’ Ahead

Widely followed cryptocurrency analyst and trader Ali Martinez noted that despite recent highs, Ethereum may have "more room to run," according to the MVRV Ratio.

MVRV, a shorthand for Market Value to Realized Value, is a ratio used to assess the value of a cryptocurrency by comparing its current market value to its realized value. It suggests whether a cryptocurrency is undervalued or overvalued at a given time.

Michaël van de Poppe, another active cryptocurrency commentator, predicted a "wild week" for the market.

"I assume we’ll see BTC at $120,000, and then have a correction in which we’ll see a sharp drop on altcoins," the analyst said. "Ethereum showed much strength, and I think it will stall."