Essential for investment, major events this week preview (4/21-4/27)
There are quite a few macro events this week, but they are unlikely to have a significant impact on the market. Trump's actions were limited last week, and this week, the latest developments in the tariff war are worth paying attention to, mainly in relation to U.S. stock trends. There have been few regulatory and policy developments related to cryptocurrency this month, and events concerning cryptocurrency itself are also relatively sparse; the trends in cryptocurrencies are highly correlated with U.S. stocks.
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Major events this week:
4/21 Monday
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Easter—Stock markets in Australia, Germany, France, Italy, Spain, the UK, and Hong Kong are closed
4/22 Tuesday
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IMF releases the "World Economic Outlook" report (21:00)
4/23 Wednesday
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Meeting of G20 finance and central bank ministers
4/24 Thursday
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The Federal Reserve releases the Beige Book on economic conditions (2:00)
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U.S. initial jobless claims for the week (20:30)
4/25 Friday
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Final consumer confidence index for April from the University of Michigan (22:00)
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The SEC holds the third cryptocurrency policy roundtable, focusing on custody issues
Outlook for this week:
Recent short-term volatility has significantly decreased, especially with BTC's mid to short-term all below 50%. RV has also dropped a lot. Although the BTC price has reached a new high in a month, risk aversion sentiment in the cryptocurrency space remains high, with bearish positions consistently accounting for over 20% of the trading volume.