Over the weekend, Bitcoin traded near $77K to $78k over the weekend from April 25 to April 26 and pushed toward $79K on Monday, Asia time.
This sentiment reflects a risk-on in high-risk assets, reflecting expectations that inflation is stabilizing. However, traders are waiting for more clues from macro data as to how they will shape Fed policy.
CoinMarketCap’s Crypto Fear and Greed Index stands at 47, compared with last week’s 55.
What Traders Should Watch Out for This Week
Key macro decisions and protocol updates will be the main drivers of volatility for BTC and other risk assets.
For US data and news, the next FOMC rate decision will be on April 29-30, with the rate expected to be held steady. Traders are looking towards Powell’s last meeting as Fed chairman to see his outlook for the coming year and how the Fed plans to ease consumers’ affordability challenges.
Regarding ecosystem events, from April 27–May 1, the Chiliz CHZ V2.0 launch and the Solana SIMD‑266 protocol upgrade, which may amplify flows into sports‑Fi, ticketing, and high‑throughput DeFi ecosystems around those tickers.
Here are the major economic indicators to watch out for this week:
- April 28: Consumer confidence
- April 29: Durable-goods orders, advanced U.S. trade balance in goods, retail inventories, wholesale inventories, and FOMC interest-rate decision
- April 30: Initial jobless claims, employment cost index, GDP, personal income, personal spending, core PCE index, U.S. leading economic indicators
- May 1: S&P U.S. manufacturing PMI and ISM manufacturing
