Bitcoin opened the week holding firm above $78,000 as global markets brace for a packed macro calendar. The United States will release first-quarter GDP figures and March inflation data this week, alongside earnings from Visa, Mastercard, Robinhood, Galaxy Digital, Riot Platforms and WisdomTree. Markus Levin, co-founder of blockchain-based location protocol XYO, told CoinDesk that while the Federal Reserve is not expected to shift its policy rate, persistent inflation could trigger a more hawkish stance, potentially pulling Bitcoin back to the $72,000–$74,000 range in the short term.
Tech Earnings and US-Iran Tensions Add to Market Caution
Levin highlighted that tech giants' earnings could reinforce or undermine current equity trends, and that developments between the US and Iran may steer sentiment via oil and the US dollar. With cautious trading prevailing, central bank decisions are expected to ripple into crypto markets as well.
Governance Votes Across Major DAOs
This week brings notable governance activity. Frax DAO is evaluating proposals to diversify stablecoin pool assets. Ether.fi DAO is consulting on whether to bolster treasury reserves after a prior KelpDAO bridge attack. Compound DAO is assessing updates to certain Ethereum price feeds. Decentraland DAO is voting on its strategic roadmap through 2030. Nouns DAO is considering becoming a nonprofit entity, while Arbitrum DAO is debating moving 6,000 ETH and roughly $150,000 USDC from its main treasury into its management portfolio.
Exchange and Token Events: Delistings, Upgrades, Unlocks
Several exchange and token developments line up this week. Magic Eden will fully discontinue wallet services on April 27. Chiliz kicks off FanTokens V2.0 upgrade the same day. Binance will delist Dego Finance (DEGO) and DENT on April 28. Pharos mainnet launches that day, and MegaETH's token generation event is set for April 30. Jupiter will unlock 1.54% of its circulating supply on April 28 (valued at $9.67M) and another 1.08% on May 1 (worth $40.43M). Separately, Venice will cut its annual token issuance from 6M to 5M starting May 1. Investors will keep a close eye on both macro data and crypto-native events as the month wraps up.