Whales Absorb Bitcoin Supply as Market Braces for Fed & Big Tech

Spotlight: Powell's Press Conference in Focus

The crypto market is showing renewed strength heading into a pivotal week for macro policy. Bitcoin and major altcoins have posted positive returns over the past week, sparking cautious optimism as traders await cues from the Federal Reserve.

This recovery sets the stage for Wednesday's Fed decision. With no new economic forecasts scheduled, all market attention will shift to Chair Jerome Powell's press conference.

Powell is expected to echo his September message, reiterating that risks to the job market are growing while dismissing tariff-related inflation as transitory. This anticipated dovish stance is bolstering hopes for further easing, which could provide continued support for risk assets.