This week is packed with three major events that could shake up crypto markets, according to CoinDesk. The first is the April payrolls report, the first read after a delay from the 2025 federal shutdown. A weaker-than-expected print would give the Fed cover to cut rates sooner. A strong print would delay that.
More Insight into Bitcoin Treasury Trade
The second big event is earnings season for bitcoin treasury players. Strategy, Coinbase, MARA, CleanSpark, Hut 8, and Core Scientific all report Q1 results this week. Riot Platforms already sold 3,778 BTC last quarter at an average price of $76,626. MARA sold 15,133. These numbers give us a window into how companies are managing their bitcoin holdings and treasury strategies.
The Fed’s Independence and Powell’s Exit
The third event is the Fed itself. San Francisco Fed President Mary Daly and Chicago Fed President Austan Goolsbee speak on central bank independence at a Hoover Institution event on Friday. This comes the same week Jerome Powell exits his role as chair under White House pressure, though he stays on the Fed board. Investors will watch closely for any signals on policy direction or internal tensions.
Market Positioning and Risks
Jennifer Hanny, a partner at Echo Base, told CoinDesk: “Investors aren’t heavily positioned and volatility remains low, creating an asymmetrical setup: markets appear stable on the surface but could react quickly to any catalyst that forces a repricing of risk.” This suggests a fragile calm that might break with a surprise jobs number or a hawkish Fed comment.
**What to Watch**
All times ET. Token events and conferences are also scheduled throughout the week, but the macro data and earnings calls seem likely to drive the most action. Keep an eye on payrolls Friday morning and the Fed speeches later that day. Any deviation from expectations could spark sharp moves in bitcoin and broader crypto markets.
