Bitcoin and other cryptocurrency prices fell Monday as digital assets face a busy week that will test the correlation between cryptocurrencies and stocks amid a wave of key macroeconomic news.

Over the past 24 hours, the price of bitcoin has fallen 2.5 percent to $20,750. The largest cryptocurrency remains near its highest level in more than a month, and a rally late last week lifted bitcoin to around $21,500.

Against a macroeconomic backdrop of high inflation, rising interest rates and the risk of a recession in 2022, cryptocurrencies are increasingly correlated with other risk-sensitive assets, fluctuating along with the Dow Jones Industrial Average and the S&P 500 stock index. Last week’s volatile trading around the Federal Reserve’s latest monetary policy decision and the October U.S. jobs report proved that broader macro factors and stock market sentiment continue to influence the bitcoin price.

In the coming week, there will be more macro catalysts that are likely to get digital assets moving. The first is the U.S. midterm elections on Tuesday, followed by the Consumer Price Index (CPI) inflation data on Thursday. Given that stocks tend to react to midterm elections-historical experience suggests upside-and that inflation remains central to the Fed’s hawkish monetary policy course, both news are likely to be major catalysts for markets.