Market Update: Noteworthy Developments in April

As April wraps up, several significant macroeconomic events have taken place. This week, the four key central banks—the Bank of Japan, US Federal Reserve, European Central Bank, and Bank of England—announced their interest rate policies.

Additionally, a wave of U.S. economic data has emerged, including first-quarter GDP figures and March’s PCE inflation rates. High-profile earnings reports from companies like Visa, Mastercard, Robinhood, and various tech giants could either bolster or dampen the existing market trends.

Markus Levin, co-founder of XYO, mentioned to CoinDesk that Bitcoin is demonstrating “strong momentum around the $78,000 mark.” He noted that while the Federal Reserve is likely to maintain its current rates, persistent inflation may prompt a more aggressive stance, which could push Bitcoin back into the $72,000 to $74,000 range soon.

Levin also pointed out that the earnings from large tech companies could play a crucial role in either supporting or countering their ongoing market influence. Furthermore, developments regarding US-Iran negotiations are expected to sway market sentiment through fluctuations in oil and dollar prices.

What to Watch

(All times Eastern)

• Cryptography
  • May 1: Complete shutdown of Magic Eden’s wallet services.
• Macro
  • April 27, 10:00 p.m.: Bank of Japan maintains interest rate at 0.75%.
  • April 29, 8:45 a.m.: Bank of Canada to decide on interest rate (previously 2.25%).
  • April 29, 1:00 p.m.: US Federal Reserve’s decision on interest rate expected at 3.75%.
  • April 30, 4:00 a.m.: Eurozone inflation rate report for April.
  • April 30, 6:00 a.m.: Bank of England’s interest rate decision forecast at 3.75%.
  • April 30, 7:15 a.m.: European Central Bank expected to maintain a 2.15% rate.
  • April 30, 7:30 a.m.: First quarter U.S. GDP growth is forecasted at 1.5%.
  • April 30, 7:30 a.m.: March US PCE price index year-over-year change expected at 2.8%.
  • April 30, 7:30 a.m.: Estimated new unemployment claims for the week ending April 25th at 219,000.
  • May 1, 9:00 a.m.: April US ISM Manufacturing PMI estimate at 52.5.
• Revenue (estimated based on FactSet data)
  • April 28: Visa (V), post-market earnings of $3.1.
  • April 28: Robinhood Markets (HOOD), after-market earnings of $0.4.
  • April 28: Galaxy Digital (GLXY), pre-market earnings of -$0.65.
  • April 30: Mastercard (MA), pre-market earnings of $4.41.
  • April 30: Riot Platform (RIOT), post-market earnings of -$0.32.
  • April 30: CoinShares (CSHR), annual report release.
  • May 1: WisdomTree (WT), pre-market earnings of $0.25.

Token Events

• Governance Votes and Calls
  • Frax DAO is voting to expand backing assets.
  • The Ether.fi DAO is considering contributions to restore rsETH backup.
  • Compound DAO has proposals up for voting regarding WETH and wstETH.
  • Decentraland DAO is proposing a 2030 Transition Plan for platform governance.
  • Noun DAO is looking into a 501(c)(3) feasibility study affecting financial management.
  • Beefy DAO is voting on Q2 2026 funding and contributor updates.
  • Rootstock Collective is voting on grants for Blockscout’s milestones.
  • Arbitrum DAO is managing treasury transfers.
• Unlock
  • April 28: Jupiter (JUP) will release a small portion of its circulating supply.
  • May 1: Sui will release a segment of its circulating supply worth $40.43 million.
• Activate Token
  • April 27: Chili’s (CHZ) will roll out Fan Token V2.0.
  • April 28: Binance will delist Dego Finance (DEGO) and DENT (DENT).
  • April 28: Pharos is set for its mainnet launch.
  • April 30: MegaETH (MEGA) token generation event anticipated.
  • May 1: Venice (VVV) plans to reduce token emissions.

Conference