Crypto Market Outlook: Key Events to Watch This Week

As April comes to a close, the markets are poised for a significant week, with multiple macro events on the horizon. 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 set to be announced. Additionally, a slew of key US data releases, including first-quarter GDP and March PCE inflation, are expected, alongside earnings reports from major companies such as Visa, Mastercard, Robinhood, and several prominent tech firms, which could either bolster or disrupt the current market sentiment. According to Markus Levin, Co-founder of XYO, bitcoin is entering the week with substantial momentum, hovering around the $78,000 mark. However, the prospects of persistent inflation and the Fed's anticipated decision to maintain interest rates could lead to a short-term pullback to the $72,000-$74,000 range. Levin also emphasized the significance of tech giants' earnings, which could influence the market trajectory, as well as the impact of US-Iran talks on oil and dollar movements, ultimately steering market sentiment.