Crypto Market Outlook: Key Events to Watch This Week

As April comes to a close, the market is bracing for a series of significant macro events. 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 earnings reports from major companies such as Visa, Mastercard, Robinhood, and prominent tech firms. According to Markus Levin, Co-founder of XYO, bitcoin is poised to start the week with strong momentum, but the Federal Reserve's decision to maintain interest rates, coupled with persistent inflation, may lead to a short-term pullback to the $72,000-$74,000 range. Levin also noted that the earnings reports of tech giants and developments in US-Iran talks will be crucial in determining the market's sentiment, influencing oil and dollar movements.