Bitcoin faces tests from the FOMC, GDP, and PCE; the market is busy this week

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CryptoWorld News reports that, at the start of this week, traders are focusing on several U.S. economic events that could affect risk appetite. The Federal Reserve will hold an FOMC meeting on April 28 and 29, with the policy decision and press conference scheduled for April 29. Markets expect the Fed’s decision to guide short-term trading in stocks, bonds, and cryptocurrencies. Even if interest rates remain unchanged, Bitcoin typically fluctuates based on traders’ reaction to the Fed’s tone on inflation, growth, and future rate cuts. In addition, on Thursday, the first-quarter 2026 GDP data and March PCE inflation data will be released—reports that are crucial for Fed policy. Strong inflation could reduce hopes for rate cuts, while weak growth could trigger concerns about the U.S. economy. Major technology companies will also release earnings reports this week: Microsoft, Amazon, Meta, and Alphabet will report on Wednesday, while Apple will report on Thursday. According to CryptoNews data, Bitcoin is currently trading at about $77,900. It has recorded slight losses over the past 24 hours, but has risen by more than 4% over the past week.

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