Bitcoin holds near $77k amid $80k talk

Bitcoin was trading near $77,000 on April 27 after a strong April rebound, leaving traders focused on whether the move can extend back toward $80,000. (coindesk.com 1) (coindesk.com 2) CoinDesk said Bitcoin was holding above $77,000 and was up more than 13% in April, putting it on pace for its strongest monthly performance in a year. The outlet tied part of that rebound to a roughly $5 billion increase in Tether supply. (coindesk.com) Earlier in April, CoinDesk reported Bitcoin had pushed past $76,000 as crude oil fell about 10% on easing Strait of Hormuz fears, a move that helped risk assets recover. (coindesk.com) The next scheduled Federal Open Market Committee meeting runs April 28-29, 2026, according to the Federal Reserve’s calendar. The Fed’s March materials show Chair Jerome Powell held a press conference after the last meeting on March 18. (federalreserve.gov 1) (federalreserve.gov 2) (federalreserve.gov 3) Interest-rate markets are overwhelmingly positioned for no change this week. A CME Group market update published April 15 said the CME FedWatch tool showed a 98.4% probability that the Fed would leave rates unchanged at the April 29 meeting. (cmegroup.com 1) (cmegroup.com 2) That macro backdrop matters for Bitcoin because the token has repeatedly reacted to shifts in rate-cut expectations this year. After the March 18 Fed decision, CoinDesk reported Bitcoin fell below $71,000 as Powell said rising energy prices were feeding into the inflation outlook. (coindesk.com) CoinDesk also reported in March that post-meeting weakness has been common around Fed decisions, even when traders expect the central bank to hold rates steady. (coindesk.com) The short version is that Bitcoin’s April climb has put $80,000 back in view, but the next big test is no longer only on the chart. It is also on the Fed calendar for April 29. (coindesk.com) (federalreserve.gov)