The days are numbered until the FED interest rate decision. The FED will announce its interest rate decision on May 7. Expectations for a rate cut are increasing.
Trump insists on a rate cut. There will be great pressure on Powell. If the FED does not cut rates, Trump's pressures will increase even more. We do not think Powell will insist further.
If the FED cuts rates, it will be very positive for the markets. We could see $BTC at 100,000 $ and above. There will also be sharp rises in altcoins.
If Powell confronts Trump and keeps the rate steady, it will not create a good environment for markets and cryptocurrencies.
#Bitcoin #Altcoins #FED #Powell #Trump