Bitcoin faces FOMC, GDP and PCE tests in busy market week

Bitcoin traders face a busy macro week with the U.S. Federal Reserve’s FOMC decision (Apr 28–29) and accompanying press conference expected to set the tone for risk assets. March PCE inflation and Q1 GDP data (PCE flagged for Apr 30) could alter market expectations for future rate cuts and trigger Bitcoin volatility. Large tech earnings (Microsoft, Amazon, Meta, Alphabet, Apple) and ongoing geopolitical tensions add secondary upside/downside risks as BTC tends to track broader risk sentiment. At press time Bitcoin traded near $77,900, down slightly on the day but up over 4% on the week. Overall, the article frames macro policy developments as the primary potential drivers of near-term Bitcoin price action.