FOMC decision, GDP, PCE, and Big Tech earnings, all in the next 2 weeks
Kraken's roundup flags a crowded market calendar that could drive volatility in risk-sensitive assets, especially BTC/USD. The FOMC decision and Powell press conference on April 29 (current Fed funds range 3.50%–3.75%) will set the tone for the simultaneous Q1 GDP advance, March PCE (Fed’s preferred inflation gauge) and Employment Cost Index on April 30 — with PCE/ECI at 8:30 a.m. ET — potentially forcing large repricing in digital assets depending on inflation and wage surprises. Deribit’s monthly BTC/ETH options expiry on April 24 may elevate implied volatility ahead of the macro cluster. Major tech earnings (Microsoft, Alphabet, Meta, Amazon) on April 29 and Apple on April 30 add a corporate risk layer; Tesla (April 22) and Strategy’s May 5 report (noting ~713,502 BTC holdings) are additional crypto-relevant events. Overall, outcomes hinge on Fed language and data surprises; BTC and ETH are highlighted as key markets to watch.