Five Big Tech Earnings Could Decide Bitcoin’s Next Move This Week
Five of the most important US know-how firms report quarterly outcomes this week, and the outcomes might push Bitcoin (BTC) and broader crypto markets in both route, given the unusually tight hyperlink between digital property and Nasdaq equities.
Microsoft, Alphabet, Meta, and Amazon launch Q1 figures after the closing bell on Wednesday, April 29, with Apple following on Thursday. Investors are targeted on income development, revenue margins, and AI capital expenditure plans for the remainder of 2026.
Big Tech AI Capex Will Drive the Reaction
Capital expenditure steerage has overtaken headline earnings as probably the most market-sensitive line merchandise. Meta has focused $115 billion to $135 billion for 2026, a rise of not less than 59% yr over yr.
Microsoft, in the meantime, is on observe to spend roughly $146 billion on AI and cloud infrastructure in fiscal 2026.
Alphabet has maintained a $175 billion to $185 billion capex vary. Amazon, by comparability, is planning a $200 billion outlay, greater than 50% larger than in 2025.
Combined hyperscaler AI spending is anticipated to exceed $160 billion this quarter alone.
Bitcoin Tracks Nasdaq More Closely Than Ever
BTC’s common correlation with the Nasdaq 100 climbed to 0.52 in 2025, up from 0.23 the yr earlier than. However, the hyperlink tightened additional in early 2026, with one analyst monitoring the rolling correlation at 0.75 in January.
That coupling has already produced direct contagion this yr. After Microsoft’s January earnings stoked considerations about AI spending, the inventory fell greater than 10% in after-hours buying and selling. Bitcoin briefly slipped to about $83,460 the identical day.
A repeat of that sample is feasible if any of the 5 reviews disappoint on capex returns. Strong outcomes, in contrast, might elevate threat urge for food throughout each equities and crypto markets within the coming periods.
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