Bitcoin faces $11 billion options expiry, Fed decision, and GDP data this week

The cryptocurrency market enters a pivotal week as Bitcoin approaches a series of key events, including the US Federal Reserve’s policy decision, the expiration of $11 billion in Bitcoin options, and fresh US economic indicators that could influence investor sentiment. The US Federal Reserve is set to announce its latest interest rate decision on Wednesday at 2 p.m. ET. Market participants expect the central bank to keep its policy rate unchanged, maintaining the current range between 3.75% and 4%. Attention will turn to the post-meeting press conference hosted by Federal Reserve Chair Kevin Warsh. Analysts suggest that hints regarding a potential rate hike in December could impact a wide range of risk assets, including cryptocurrencies. Persistent geopolitical tensions have continued to put pressure on global markets.

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