Bitcoin starts the week struggling to hold $80,000. The Federal Reserve's October 28 rate decision, September PCE inflation, third-quarter GDP and Big Tech earnings all land before the week ends.
Bitcoin struggles to hold $80,000 as a week of U.S. economic announcements begins. The Federal Reserve's October 28 interest rate decision, inflation data, third-quarter GDP figures and major technology earnings are all on the calendar.
Traders are watching whether the releases will support a recovery or add pressure to an already fragile market. Bitcoin enters the week after a decline from $85,000, having touched a five-week low near $79,100 over the weekend.
Fed decision puts Bitcoin's $80,000 level in focus
The Fed concludes its two-day policy meeting on Wednesday, October 28. At its September meeting, the central bank raised the federal funds target range by 25 basis points to 3.75%–4.00%, citing persistent inflation.
Market expectations now favor keeping rates unchanged. However, the next decision remains uncertain, particularly after September inflation reports raised concerns about the possibility of further tightening in December.
A cautious statement that leaves another rate increase open could weigh on BTC, according to the source. Signals that policymakers are comfortable waiting for more economic evidence could improve sentiment.
PCE inflation and GDP follow a day later
On Thursday, October 29, the Bureau of Economic Analysis is scheduled to publish September personal income and outlays alongside the advance estimate of third-quarter GDP. The income report contains the PCE price index, the Fed's preferred inflation measure, and both reports are due at 8:30 a.m. Eastern Time.
If PCE inflation stays elevated while GDP shows resilient growth, investors may conclude that policymakers have room to keep borrowing costs restrictive. Weaker growth or cooling inflation could lead traders to reconsider the likely direction of rates, although neither outcome guarantees a Bitcoin rally.
Big Tech earnings could affect crypto market sentiment
Microsoft and Alphabet are scheduled to release results on Wednesday, October 28, followed by Amazon and Intel on Thursday, October 29. Investors are expected to examine cloud revenue, artificial intelligence spending, operating margins and management forecasts.
For crypto traders, the earnings offer another source of potential volatility while Bitcoin is already responding to changes in economic expectations.
Bitcoin slips to $79,100 after rejection near $85,000
Bitcoin fell to approximately $79,100 on Saturday after its rejection near $85,000 the previous week.
The $80,000 area is now an immediate reference point for traders, while 84,000–85,000 remains an overhead resistance zone. A sustained move below the weekend low would leave Bitcoin exposed to further selling.
The Fed has scheduled the minutes of its October 27–28 meeting for November 18, followed by its final policy meeting of 2026 on December 8–9.
Source: crypto.news
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