Big Wednesday: Could Federal Reserve and Crude Oil Information Cause Significant Bitcoin Fluctuation?

Bitcoin is poised for a significant test of its sensitivity to traditional finance as two key macro events — U.S. crude oil inventory data and the Federal Reserve's interest rate decision — unfold on Wednesday, January 28, 2026. These events have the potential to alter market expectations about inflation, liquidity, and risk, which could subsequently influence the trajectory of Bitcoin. The cryptocurrency has demonstrated a negative correlation with crude oil over the past week, with energy markets serving as an indicator for inflation expectations that influence Bitcoin and other risk assets. As market participants await clarity on Federal Reserve guidance and inflation signals tied to energy prices, both crypto and traditional markets are more focused on assimilating the policy tone rather than pursuing short-term moves.