Upcoming Crypto Events: Interest Rates, Earnings, and Market Trends
As April comes to a close, the market is poised for a series of significant macroeconomic 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 - will be closely watched. Additionally, a range of US data releases, including first-quarter GDP and March PCE inflation, are expected, alongside earnings reports from major companies such as Visa, Mastercard, and Robinhood. According to Markus Levin, co-founder of XYO, bitcoin is entering the week with strong momentum, but the persistent inflation could lead to a hawkish tone, potentially causing bitcoin to pull back to the $72,000-$74,000 range. The earnings reports of tech giants and developments in the US-Iran talks are also expected to influence market sentiment.