#MarketPullback MarketPullback Bitcoin started the new working week with a decline. The weakness of the cryptocurrency has become a topic of discussion in the crypto community regarding the prospects for further movement in its rate.

The editorial team at BeInCrypto has gathered in one review the forecasts of investors, as well as arguments in favor of their viewpoints.

What is happening with Bitcoin

Bitcoin set a local maximum on May 2, 2025, at the level of $97,877. Contrary to investors' expectations, the cryptocurrency has not been able to break through $100,000 again. After updating the local maximum, the coin began a correction that continued at the beginning of the new working week. At the time of writing this review, Bitcoin is trading at $94,388, which is 13% lower than the absolute maximum of $109,114.

In anticipation of the Fed's decision

The crypto market is in turmoil in anticipation of the Fed's next decision on interest rates. At the time of writing this review, most market participants are confident that the regulator will keep the rate at the same level.

Over 94% of market participants are confident that the Fed will keep the rate at the same level. Source: cmegroup

Let us remind you that U.S. President Donald Trump is meanwhile lobbying for the Fed to lower interest rates.