The Federal Reserve's interest rate meeting at 2 AM on May 8 is a key moment for the cryptocurrency market. It can be basically confirmed that there will be no interest rate cut at this meeting; however, the tone of Powell's speech is the focus of market attention. If he sends a dovish signal, hinting at the possibility of a rate cut in June, even if the interest rate remains unchanged at this meeting, it is very likely to drive a significant rise in the crypto market. On the contrary, if Powell's speech leans towards a hawkish tone, and the market's expectations for a rate cut are dashed, then the cryptocurrency market is likely to experience a sharp correction.
From the current data in the interest rate market, the expectations for a rate cut in June are prevailing. Among them, the probability of no rate cut is 38.4%, the probability of one rate cut is 56.4%, and the probability of two rate cuts is 5.2%. This expectation of a rate cut is a potential positive factor for the crypto market.
Recently, the popularity of the SOL chain has continued to rise, its ecosystem is constantly developing, and technology is continuously innovating, attracting the attention of many investors. In Binance-related discussion groups, there is one project that has garnered much attention, which is the hero dog Conan of the 'King of Understanding'. It has a strong team of thousands continuously driving its development, and there is a strong community consensus. Moreover, the two cryptocurrency projects that this team previously promoted both achieved over a hundredfold increase, performing exceptionally well. 柯南官方群
