Four Factors That May Affect Bitcoin and Cryptocurrency Markets This Week

Crypto and stock markets experienced some uplift last week, although analysts remain cautious given remaining uncertainties surrounding US equities. Global trade tensions and persistent inflation continue to influence consumer and investor sentiment. This week's economic data, leading up to the May Federal Reserve meeting, will be crucial.

It includes consumer confidence data, jobs data, March Core Personal Consumption Expenditures (PCE) report, Q1 GDP Growth Annualized advance estimate, and unemployment reports. A busy week of quarterly earnings is also expected, with Amazon, Apple, Meta, and Microsoft set to release their reports. Crypto markets showed early signs of decline in Asia on Monday, with Bitcoin showing slight volatility, Ethereum remaining at bear market levels, and XRP recording a 3% daily gain.