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 economic landscape. Additionally, a slew of US data releases, including first-quarter GDP and March PCE inflation, will be closely watched, along with earnings reports from prominent companies such as Visa, Mastercard, Robinhood, and major tech firms. According to Markus Levin, Co-founder of XYO, bitcoin is poised to start the week with strong momentum around the $78,000 level, but the Fed's decision to keep rates unchanged, combined with persistent inflation, may lead to a short-term pullback to the $72,000-$74,000 range. Levin also noted that the earnings of tech giants will be a crucial indicator of the market's trajectory, while developments in US-Iran talks will influence sentiment through oil and dollar movements.