The upcoming earnings reports from major US technology firms are poised to influence Bitcoin's trajectory this week, as the cryptocurrency's correlation with Nasdaq equities remains strong. Microsoft, Alphabet, Meta, and Amazon will announce their Q1 results on Wednesday, April 29, followed by Apple on Thursday. Investors are particularly focused on revenue growth, profit margins, and AI capital expenditure plans for 2026.
Capital expenditure guidance has become a critical factor, with Meta planning to spend between $115 billion and $135 billion, and Microsoft targeting $146 billion on AI and cloud infrastructure. Alphabet and Amazon are also set to make significant investments, with Amazon's spending projected to exceed $200 billion. The correlation between Bitcoin and the Nasdaq 100 has increased, reaching 0.75 in early 2026, suggesting that tech earnings could significantly impact crypto markets. A strong performance could boost risk appetite, while disappointing results might lead to declines in both equities and digital assets.
Big Tech Earnings Set to Impact Bitcoin Amid Tight Nasdaq Correlation
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