Three significant events are set to unfold this week in the crypto space, each with potential to move markets. First up is the April payrolls report, which comes after a delay caused by the 2025 federal shutdown. If the job numbers come in weaker than expected, it could give the Federal Reserve more room to cut interest rates sooner. A strong print, on the other hand, would likely delay any cuts.
Earnings season for bitcoin holders
The second major event is a wave of Q1 earnings reports from companies holding bitcoin on their balance sheets. Strategy, Coinbase, MARA, CleanSpark, Hut 8, and Core Scientific all report this week. We already know Riot sold 3,778 BTC last quarter at an average price of $76,626. MARA sold 15,133 BTC. These numbers give a glimpse into how these firms are managing their bitcoin treasuries.
Fed speeches in focus
The third event is the Federal Reserve itself. San Francisco Fed President Mary Daly and Chicago Fed President Austan Goolsbee will speak on central bank independence at a Hoover Institution event on Friday. This comes the same week Jerome Powell steps down as Fed chair, though he remains on the board. The White House has been pushing for changes, and the speeches could reveal how much independence the central bank really has.
Jennifer Hanny, a partner at Echo Base, noted that investors are not heavily positioned, and volatility remains low. She said this creates an “asymmetrical setup” where markets look calm but could react quickly to any catalyst that forces a repricing of risk.
What to watch
All times are Eastern. Keep an eye on token events and conferences happening throughout the week. The combination of jobs data, earnings calls, and Fed commentary could make for a volatile few days in crypto markets.
