**How will the Federal Reserve's May 7 interest rate decision affect cryptocurrencies?**
📉 **Market Expectations**:
- The Federal Reserve is likely to **keep interest rates unchanged**, but the key is whether it will release a **rate cut signal** (dovish stance).
- Recent weak U.S. employment data may prompt the Federal Reserve to consider **early rate cuts**.
- Trump is pressuring for rate cuts, increasing political uncertainty.
💹 **Impact on Cryptocurrencies**:
- **Rate cut signal** → Increased market liquidity → Favorable for **high-risk assets** (such as cryptocurrencies).
- If the Federal Reserve **leans dovish**, it may drive up **$ETH, $NEAR, $TAO**, etc.
- If **hawkish** (insisting on high rates), it may suppress cryptocurrency market sentiment in the short term.
**Simple Summary**: **The more dovish the Federal Reserve, the more cryptocurrencies rise!**