As April comes to a close, the market is poised 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 be announced this week. Additionally, a range 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 entering the week with considerable momentum, but the potential for persistent inflation and a hawkish tone from the Fed could lead to a short-term pullback. Levin also emphasized the importance of tech giants' earnings and US-Iran talks in shaping market sentiment, with potential implications for oil and dollar movements.