In addition to the announcement of a $1.42 billion Bitcoin purchasing strategy on April, the silence in cryptocurrency news this week may indicate low demand for space and a weak test of Bitcoin's price support level.
This week is also significant on the macroeconomic data front. On April 29, the U.S. Job Openings and Labor Turnover Survey (JOLTS) report will be released, which could provide insight into how the labor market is digesting the U.S.-led trade war and tariffs.
Friday will see the release of the employment report, which could show a "real pause in the economy" in light of recent volatility caused by tariffs.
The U.S. Core Personal Consumption Expenditures (PCE) forecast will be released on April 30, which will clearly reflect any major changes in U.S. inflation.
