What's Driving Bitcoin and Crypto This Week? Market Movers You Need to Track

The cryptocurrency market is watching several major events unfold this week that could define price action across digital assets. After Jerome Powell’s dovish remarks on Friday, Bitcoin stabilized while Ethereum continued its impressive rally toward fresh record levels, building on gains that accelerated following its April recovery from $1,350.

The Tech Giant Report: NVIDIA’s Earnings Call

Wednesday brings one of the most closely watched corporate earnings releases of the season—NVIDIA’s quarterly results. As the world’s largest company by market cap and a cornerstone of the AI infrastructure boom, its performance carries outsized influence over both traditional and crypto markets. Street consensus points to approximately $46 billion in revenue, representing a 53% surge year-over-year, though some outlier estimates suggest figures as high as $52 billion could materialize. Strong execution here would reinforce the narrative that AI investments are paying real dividends, likely triggering gains across risk assets. Other tech companies reporting this week include CrowdStrike, Dell, and Marvell Technologies, adding to the week’s earnings momentum.

Economic Data Points: PCE and Beyond

The Personal Consumption Expenditure report landing Thursday will serve as a critical input for market direction. Unlike the Consumer Price Index, which focuses solely on urban price movements, the PCE provides a broader view spanning both urban and rural consumption patterns. The Bureau of Labor Statistics will release final numbers Friday, with economists modeling core PCE growth of 0.3% month-over-month and 2.8% annually. Accompanying personal income and spending data will arrive simultaneously. These figures feed directly into Federal Reserve decision-making, making them especially relevant as officials weigh future policy adjustments. Traders will also monitor concurrent releases on GDP, consumer confidence indicators, and durable goods orders for additional macro context.

Token Supply Events: Tracking Unlock Calendars

From a université de la crypto perspective, weekly token unlocks represent a supply-side variable that historically pressures prices when market demand remains constrained. Pi Network’s routine 49 million token release will continue its multi-year unlock schedule with minimal surprise factor. More significant for technical traders are Axelar’s $5 million unlock (1.5% of circulating supply), Ronin’s $10 million gaming sector release, and the heavyweight unlocks from Optimism and RedStone, which will flood markets with $25 million and $16.5 million in tokens respectively. These supply injections create tactical opportunities for sharp traders monitoring intraday volatility patterns.

The Week Ahead: Synthesis

Macro drivers dominated by Powell-era Fed policy, earnings execution from AI leaders, and employment-inflation readings will likely dictate overall risk sentiment. Meanwhile, protocol token unlocks add a granular layer of complexity that intraday traders must navigate carefully.