This week brings important events and economic data impacting price dynamics and the overall situation in the cryptocurrency market.
Cryptocurrencies Over the Weekend
Bitcoin (BTC) is currently priced at $85,200, indicating a calm weekend for cryptocurrencies. The holiday on Friday led to a decrease in volatility. Tensions between China and the U.S. have temporarily stabilized, with expectations for progress toward resolution. While some altcoins show positive trends, the overall market has yet to indicate significant recovery.
Key Macroeconomic Events
In preparation for the weekend, it's worth discussing crucial macroeconomic events expected this week that are relevant to cryptocurrencies. U.S. data traditionally influences price fluctuations. Noteworthy events in the schedule include:
* April 22, Tuesday: 16:00 - Fed’s Jefferson speaks 17:00 - ECB President on CNBC 23:10 - Tesla Q1 2025 Earnings Report
* April 23, Wednesday: 07:00 - G20 Finance Ministers Meetings (All day) 16:00-16:35 - Fed’s Goolsbee, Musalem, and Waller will speak 16:45 - U.S. S&P Services PMI (Expectation: 53 Previous: 54.4) 21:00 - Fed Beige Book
* April 24, Thursday: 15:30 - U.S. Initial Jobless Claims (Expectation: 225K Previous: 215K) 15:30 - U.S. Durable Goods Orders (Expectation: 1.5% Previous: 1%) 23:00 - Alphabet Earnings Report 23:30 - Intel Earnings Report
What to Watch This Week?
Significant will be the statements from the European Central Bank President regarding tariffs, their impact on the economy, and monetary easing processes. Although Tesla has not sold Bitcoin, the anticipated earnings report may indirectly affect cryptocurrency performance.
Discussions during the G20 event regarding the U.S. on Wednesday are also closely watched. PMI data serves as an early indicator of tariffs' effects on the U.S. economy, while the Beige Book summarizes the state of economic activity across states, making it critical for observing initial tariff effects.
Lastly, expectations from Michigan will influence market sentiment.
The upcoming week promises to be rich in important economic events that could impact the cryptocurrency market. Investors should carefully monitor these data and statements.
