Markets leave April with a plethora of macroeconomic events to watch. Four major central banks, the Bank of Japan, the US Federal Reserve, the European Central Bank and the Bank of England, set their interest rate policy this week.
Above is a host of US data including first quarter GDP and March PCE inflation along with earnings from Visa, Mastercard, Robinhood and some of the largest tech companies, the results of which could make or break the current tone.
Markus Levin, co-founder of XYO, told CoinDesk that bitcoin is entering the week “with strong momentum around the $78,000 level, and while the Federal Reserve is expected to keep rates unchanged, persistent inflation could reinforce a hawkish tone and we could see Bitcoin retreat back to the $72,000 to $74,000 range once again in the near term.”
Earnings from the tech giants, Levin added, could also be a crucial indicator “to reinforce or challenge the current trajectory given their enormous influence on stock markets, while developments around the US-Iran talks will guide sentiment through oil and dollar movements.”
What to watch
(All times ET)
- Crypto
- May 1: Complete closure of Magic Eden wallet services.
- Macro
- April 27, 10:00 pm: Bank of Japan interest rate decision estimated at 0.75% (previously 0.75%)
- April 29, 8:45 am: Bank of Canada interest rate decision (previously 2.25%)
- April 29, 01:00 pm: US Federal Reserve interest rate decision estimated at 3.75% (previously 3.75%)
- April 30, 4:00 am: Eurozone annual inflation rate for April (previously 2.6%)
- April 30, 6:00 am: Bank of England interest rate decision estimated at 3.75% (previously 3.75%)
- April 30, 07:15 am: European Central Bank interest rate decision estimated at 2.15% (previously 2.15%)
- April 30, 07:30 am: Estimated Q1 US GDP quarter-on-quarter growth rate: 1.5% (previously 0.5%)
- April 30, 07:30 am: March US PCE Price Index YoY (up from 2.8%); Core YoY (previously 3%)
- April 30, 07:30 am: US initial unemployment claims for the period ending April 25, approximately 219,000 (was 214,000)
- May 1, 09:00 am: US ISM Manufacturing PMI for April estimated at 52.5 (previous 52.7)
- Earnings (Estimates based on FactSet data)
- April 28: Visa (V), post-market, $3.1
- April 28: Robinhood Markets (HOOD), post-market, $0.4
- April 28: Galaxy Digital (GLXY), pre-market, -$0.65
- April 30: Mastercard (MA), pre-market, $4.41
- April 30: Riot Platforms (RIOT), post-market, -$0.32
- April 30: CoinShares (CSHR), annual report expected
- May 1: WisdomTree (WT), pre-market, $0.25
symbolic events
- Governance votes and calls
- Frax DAO is voting to add sGHO and USCC as yield strategies within sfrxUSD, expanding the stablecoin’s set of backing assets. Voting ends April 26.
- Ether.fi DAO is voting on a treasury contribution to restore rsETH support following the KelpDAO bridge exploit. Voting ends April 27.
- Compound DAO is voting on a proposal to update rsETH prices on its WETH and wstETH Ethereum mainnet markets. Voting ends April 27.
- Decentraland DAO is voting on the “2030 Transition Plan,” a strategic roadmap for platform governance and metaverse product positioning. Voting ends April 30.
- Nouns DAO (Proposition 959) is voting on a 501(c)(3) feasibility study to explore nonprofit status for the DAO, with significant implications for treasury management and grantmaking. Voting ends April 30.
- Beefy DAO is voting on Q2 2026 contributor funding and Staworth contributor renewal. Voting for both ends on April 30.
- RootstockCollective is voting on a milestone grant payment for Blockscout’s Global Wallet. Voting ends April 30.
- Arbitrum DAO is voting to transfer 6,000 ETH and approximately $150,000 in idle USDC from its main treasury to the Treasury Management Wallet. Voting ends on May 5.
- Unlock
- April 28: Jupiter (JUP) will unlock 1.54% of its circulating supply worth $9.67 million.
- May 1: to unlock 1.08% of its circulating supply worth $40.43 million
- Token releases
- April 27: Chiliz (CHZ) will launch FanTokens V2.0
- April 28: Binance to delist Dego Finance (DEGO), DENT (DENT), and
- April 28 – Pharos mainnet launch
- April 30: MegaETH (MEGA) token generation event is expected to occur.
- May 1: Venice (VVV) will reduce token emissions from 6 to 5 million per year.
