Global central banks and major U.S. economic indicators will dominate market sentiment during the week starting April 2ly, according to CoinDesk.
Four major institutions—the Bank of Japan, the U.S. Federal Reserve, the European Central Bank, and the Bank of England—are all set to announce interest-rate policy decisions. These moves come as investors prepare for a heavy slate of U.S. data, including first-quarter GDP and March PCE inflation figures.
Tech earnings will also play a pivotal role in market direction. Investors are monitoring results from Visa, Mastercard, and Robinhood, alongside broader tech industry performance.
Markus Levin, Co-founder of XYO, told CoinDesk that tech giants’ earnings could be a crucial indicator "in reinforcing or challenging the current trajectory given their outsized influence on equity markets, while developments around the U.S.–Iran talks will steer sentiment through oil and dollar movements."
Crypto sector developments
In the digital asset space, several token-specific events and infrastructure changes are scheduled. Magic Eden will begin a full shutdown of its wallet services on May 1.
On the governance front, multiple DAOs are moving forward with significant proposals. Frax DAO is voting to expand the backing assets for sfrxUSD, while Ether.fi DAO is considering a treasury contribution to restore rsETH following a bridge exploit. Decentraland DAO is also reviewing its '2030 Transition Plan' for its metaverse roadmap.
Token launches and delistings are also on the calendar. Chiliz is set to roll out FanTokens V2.0 on April 27, and Binance will delist Dego Finance and DENT on April 28. Additionally, the MegaETH token generation event is expected on April 30.
Earnings for major crypto-adjacent firms will also arrive this week. Galaxy Digital is expected to report pre-market on April 28, while Riot Platforms will report post-market on April 30. CoinShares is also expected to release its annual report on April 30.
Elsewhere, the NFT market shows diverging trends. While overall participation and transaction volumes have reached multi-year lows, floor prices for blue-chip collections like Pudgy Penguins and Bored Ape Yacht:: Yacht Club have seen double-digit gains, with BAYC rising 81 percent over the last month, CoinDesk reported.
