A Perfect Storm for Bitcoin? Fed, PCE, GDP and Big Tech Earnings Ahead
BTC when published $80,001Now $80,617 ▲ +0.77% since it was published
Bitcoin, crypto, and the overall financial system enter one of the busiest macro weeks of the year with the Federal Reserve, fresh inflation and GDP data, and a wave of Big Tech earnings all arriving within days. With BTC already struggling to maintain above the key $80,000 support, the upcoming releases could determine whether the latest correction deepens or buyers finally regain control. Fed, Inflation, and GDP The analysts at the Kobeissi Letter noted that the major week begins with the September New Home Sales on Tuesday, before attention shifts firmly to Wednesday’s Federal Reserve meeting. The central bank will announce its rate decision on October 28, followed by the usual press conference.
First reported by CryptoPotato. This page is a short excerpt; the full text is theirs.
