Crypto Market Outlook: Key Events to Watch This Week

As April comes to a close, the financial landscape is poised for significant developments. The monetary policy decisions of four major central banks - the Bank of Japan, the US Federal Reserve, the European Central Bank, and the Bank of England - are expected to shape the market's trajectory. Additionally, a slew of key US data releases, including first-quarter GDP and March PCE inflation, will be closely watched, along with the earnings reports of major companies such as Visa, Mastercard, Robinhood, and prominent tech firms. According to Markus Levin, Co-founder of XYO, bitcoin's strong momentum around the $78,000 mark may be influenced by the Fed's decision to maintain interest rates, potentially leading to a short-term pullback to the $72,000-$74,000 range due to persistent inflation. Levin also emphasized the significance of tech giants' earnings in determining the market's direction, as well as the impact of US-Iran talks on oil and dollar movements.