Upcoming Crypto Events: Interest Rates, Earnings, and Market Trends
As April comes to a close, the markets are poised for a significant week ahead, with multiple macroeconomic 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 expected to dominate the headlines. Additionally, a range of key US data releases, including first-quarter GDP and March PCE inflation, will be closely watched, alongside earnings reports from major players such as Visa, Mastercard, Robinhood, and several prominent tech companies. According to Markus Levin, Co-founder of XYO, bitcoin is entering the week with considerable momentum, but the prospect of persistent inflation and a hawkish tone from the Fed 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 influencing market sentiment, particularly through oil and dollar movements.