The Federal Reserve’s interest rate decision is in focus today, alongside Amazon, Alphabet, Microsoft, and Meta report first-quarter (Q1) earnings after the close. Combined, the events layer monetary policy and the AI capex debate onto a single window that crypto traders cannot ignore.
Bitcoin (BTC) trades near short-term support as Wall Street braces for Chair Jerome Powell’s press conference and a combined 2026 AI infrastructure spending guidance approaching $600 billion from the four mega-caps.
Powell’s Final Hold and What It Means for Bitcoin
The FOMC is expected to keep its target range at 3.50% to 3.75%, the third consecutive hold. Without a dot plot or Summary of Economic Projections, every line in Powell’s statement carries weight through June.
Interest Rate Probabilities Ahead of Powell’s Final FOMC. Source: CME FedWatch ToolBitcoin has historically reacted more to Powell’s framing than the rate decision itself. Recent FOMC minutes already pushed cut expectations into mid-2026.
If Powell leans hawkish on inflation, risk assets including Bitcoin face renewed pressure. A more balanced acknowledgment of growth risks could ease selling and lift altcoins.
AI Mega-Cap Earnings Test the Crypto Risk Trade
After the close, Amazon, Alphabet, Microsoft, and Meta report Q1 results. The four companies are guiding toward roughly $600 billion in combined 2026 capex. Most goes to AI data centers, chips, and power.
Indeed, investors want one answer. Is cloud revenue growing fast enough to justify the spend? Microsoft’s Azure, Amazon’s AWS, and Google Cloud growth rates will drive equities, and crypto tends to follow these earnings cycles closely.
A January selloff in Microsoft on AI capex worries briefly dragged Bitcoin near $83,460. The two narratives now move together more often than not.
AI-themed tokens including Bittensor (TAO), Render (RNDR), and Fetch.ai (FET) often track sentiment in the broader AI complex.
A steady Fed paired with strong AI guidance and clean cloud beats would support risk appetite. Bitcoin could reclaim its recent range, potentially breaking and holding above $80,000.
Bitcoin Price Performance. Source: TradingViewDisappointing capex commentary or hawkish surprises could trigger a swift unwind in both equities and the altcoin AI cohort.
The post FOMC Decision Collides With 4 AI Mega-Cap Earnings, Setting Bitcoin’s Next Move appeared first on BeInCrypto.
Source: https://beincrypto.com/fomc-ai-earnings-bitcoin-volatility/
