Key Events to Watch in the Crypto Space This Week

As April comes to a close, the markets are poised for a significant week, with multiple major central banks, including the Bank of Japan, the US Federal Reserve, the European Central Bank, and the Bank of England, set to announce their interest rate policies. This will be complemented by a range of US data releases, including first-quarter GDP and March PCE inflation figures, as well as earnings reports from key players such as Visa, Mastercard, Robinhood, and several prominent tech companies. These events have the potential to either bolster or disrupt the current market tone. According to Markus Levin, co-founder of XYO, bitcoin is entering the week with considerable momentum around the $78,000 mark. However, with the Fed anticipated to maintain unchanged interest rates, the persistence of inflation could lead to a hawkish tone, potentially causing bitcoin to retreat to the $72,000-$74,000 range in the short term. Levin also emphasized that the earnings reports from tech giants will be crucial in determining the market's trajectory, given their substantial influence on equity markets. Additionally, the progress of US-Iran talks will play a significant role in shaping sentiment, particularly through movements in oil and the dollar.