Stay Ahead: Key Developments in the Cryptocurrency Market This Week

Bitcoin (BTC) $103,051 is priced at $85,200, signaling a calm weekend for cryptocurrencies. The holiday on Friday led to a decrease in volatility. The peak tensions between China and the U.S. have temporarily stabilized fears, with expectations of progress toward resolution. While some altcoins are showing positive differentiation, the overall market has yet to indicate a significant recovery.

Crucial Developments in Cryptocurrency

As with every Sunday, we will discuss important developments waiting for cryptocurrencies in the coming week. Macroeconomic developments have long influenced cryptocurrencies, and as U.S. data is released, we see fluctuations in the charts. What data will impact the charts in the coming days?

April 22, Tuesday

• 16:00 Fed’s Jefferson will speak
• 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 For?

Firstly, the statements from the European Central Bank President will be significant. Messages related to tariffs, their impact on the economy, and monetary easing processes will be closely monitored. Although Tesla has not sold BTC, the anticipated earnings report will be of interest, as a positive outcome may indirectly affect the performance of cryptocurrencies.

On Wednesday, discussions during the G20 event regarding the U.S. will be closely observed. Later sessions may provide insights into Fed members’ views on interest rate cuts. The PMI data, being an early indicator, will also offer hints regarding tariffs’ effects on the U.S. economy.

The Beige Book summarizes the state of economic activity across states, making it another critical detail for observing initial tariff effects. Earnings reports from large companies will influence U.S. stock markets, which will, in turn, affect cryptocurrencies.

Lastly, the expectations from Michigan will impact market sentiment.