A perfect storm looms for Bitcoin this week.
The week packs September New Home Sales, a Federal Reserve meeting on Oct 28, and the advance Q3 GDP estimate plus September Personal Income and Outlays with the PCE inflation gauge.
Reuters‑surveyed economists expect the Fed to keep the federal funds target at 3.75‑4.00 % and note that guidance on future hikes has become more uncertain after recent CPI and PPI data.
Roughly 20 % of S&P 500 companies will report earnings, with Microsoft and Alphabet on Wednesday and Amazon and Intel on Thursday.
Bitcoin fell to a five‑week low of $79,100 and is now fighting to stay above the $80,000 support level after a rejection at $85,000.
Which factor will tip Bitcoin’s trajectory—Fed guidance, inflation data, GDP numbers, or big‑tech earnings?
#Bitcoin #FederalReserve #GDP #TechEarnings
The week packs September New Home Sales, a Federal Reserve meeting on Oct 28, and the advance Q3 GDP estimate plus September Personal Income and Outlays with the PCE inflation gauge.
Reuters‑surveyed economists expect the Fed to keep the federal funds target at 3.75‑4.00 % and note that guidance on future hikes has become more uncertain after recent CPI and PPI data.
Roughly 20 % of S&P 500 companies will report earnings, with Microsoft and Alphabet on Wednesday and Amazon and Intel on Thursday.
Bitcoin fell to a five‑week low of $79,100 and is now fighting to stay above the $80,000 support level after a rejection at $85,000.
Which factor will tip Bitcoin’s trajectory—Fed guidance, inflation data, GDP numbers, or big‑tech earnings?
#Bitcoin #FederalReserve #GDP #TechEarnings
