Crypto week ahead: Bitcoin faces Fed, inflation, GDP tests

Bitcoin has entered a critical week of U.S. economic announcements, with the Federal Reserve’s October 28 interest rate decision, inflation data, third-quarter GDP figures and major technology earnings arriving as BTC struggles to hold $80,000. Summary Bitcoin faces a crucial week as the Federal Reserve announces its interest rate decision on October 28. September PCE inflation and third-quarter U.S. GDP data are scheduled for October 29. Microsoft, Alphabet, Amazon, and Intel earnings could influence crypto market sentiment. Bitcoin struggles to hold $80,000 after falling to approximately $79,100 over the weekend. According to an October 25 market calendar shared by The Kobeissi Letter, the week beginning October 26 will feature several economic releases alongside earnings from Microsoft, Alphabet, Amazon and Intel. Approximately 20% of S&P 500 companies are expected to report results. Bitcoin enters the week following a decline from $85,000, having touched a five-week low near $79,100 over the weekend. Traders are watching whether the upcoming announcements will support a recovery or add pressure to an already fragile market. Fed rate decision puts Bitcoin’s $80,000 level in ...