Will Big Tech’s Earnings Send Bitcoin Soaring or Plummeting? Find Out Now!

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Ah, mesdames et messieurs! This week, we await the grand revelations of five titans of technology hailing from the great land of the USA. Their quarterly performances may very well dictate whether Bitcoin (BTC) shall ascend to the heavens or plunge into the abyss, for the bonds between our beloved digital assets and the Nasdaq equities are tighter than a corset at a royal ball!

On the evening of Wednesday, April 29, the illustrious Microsoft, Alphabet, Meta, and Amazon shall unveil their Q1 figures, followed by the ever-enigmatic Apple on Thursday. Investors, those modern-day alchemists, are consumed with visions of revenue growth, profit margins, and the enchanting whispers of AI capital expenditure plans for the remainder of this year, 2026!

Oh, Capital Expenditures, Thou Art the True Oracle!

Indeed, it seems that guidance on capital expenditures has eclipsed even the most fervent of headline earnings-what a turn of events! Meta, with its audacious spirit, aims to allocate a staggering $115 billion to $135 billion for 2026, which is a veritable feast of an increase-at least 59% more than last year!

Meanwhile, Microsoft, in its quest for supremacy, is poised to shower approximately $146 billion upon AI and cloud infrastructure in the fiscal year of 2026. One might wonder if they have struck a deal with Midas himself!

As for Alphabet, they cling to a capex range of $175 billion to $185 billion-their coffers overflowing! And let us not forget Amazon, who plans to unleash a staggering $200 billion, more than 50% higher than their previous year’s expenditure. Such ambition!

In fact, it is expected that the combined spending of these hyperscalers on AI shall surpass an eye-watering $160 billion this very quarter!

The Dance of Bitcoin and the Nasdaq!

Alas, BTC’s average correlation with the Nasdaq 100 soared to a dizzying height of 0.52 in 2025, a leap from the humble 0.23 of yore. But, dear friends, the link has tightened further still in early 2026, with one sharp-sighted analyst noting a rolling correlation of 0.75 in January-a coupling so close, it could be mistaken for a tragic romance!

This peculiar relationship has already wrought direct consequences this year. When Microsoft’s earnings in January sparked fears regarding AI spending, the stock tumbled by more than 10% in after-hours trading. Lo and behold, Bitcoin too took a nosedive, landing briefly at the rather ungracious figure of $83,460 on that fateful day.

Could history repeat itself? If any of our five tech giants falter in their capex disclosures, we may witness another theatrical performance of market turmoil. Yet, should they dazzle us with strong results, we could see appetites for risk rekindled across both the equity stage and the crypto arena in the days to come!

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2026-04-26 18:35