Update
Bitcoin Faces Fed Decision and Market Data
Bitcoin begins a crowded week around $80,000, featuring a Federal Reserve decision, inflation and growth data, and a large options expiry on Deribit. The Fed raised rates in September, with a 90.6% chance of a hold. PCE inflation is forecast at 3.6%–3.7%, up from 3.4% in August. Third-quarter GDP growth is expected to accelerate to 3.2%. Bitcoin options with $11 billion in open interest are scheduled to expire on Deribit, with calls outnumbering puts at the $95,000 strike. The expiry could influence short-term volatility.