Crypto Market Outlook: Key Events to Watch This Week

As April comes to a close, the markets are bracing for a series of significant macro events. The interest-rate policies of four major central banks - the Bank of Japan, the US Federal Reserve, the European Central Bank, and the Bank of England - are set to be announced this week. Additionally, a slew of key US data releases, including first-quarter GDP and March PCE inflation, are expected, along with earnings reports from major companies such as Visa, Mastercard, Robinhood, and prominent tech firms. These developments could either bolster or undermine the current market sentiment. According to Markus Levin, Co-founder of XYO, bitcoin is entering the week with substantial momentum, but the persistent inflation and the Fed's expected decision to maintain interest rates could lead to a short-term pullback to the $72,000-$74,000 range. Levin also emphasized the importance of tech giants' earnings and the US-Iran talks in shaping market sentiment, particularly through their impact on oil and dollar movements.