$BTC **🚀 Crypto Market Alert: US House Draft, BTC Volatility & FOMC Meeting – Key Insights! 💥**

The crypto market is bracing for a seismic week as three major events collide:

1. **US House Market Structure Draft Unveiled** 🏛️

- The House Financial Services and Agriculture Committees released a **crypto market structure discussion draft** on May 5, aiming to clarify regulatory roles for the SEC (securities) and CFTC (commodities) .

- Key highlights:

- **Decentralization test**: Projects must prove no single entity controls >10% of tokens.

- **Retail access**: Accredited investor rules may be scrapped, broadening participation.

- **Stablecoin clarity**: Defined separately from securities, but Senate hurdles remain.

2. **Bitcoin (BTC) at a Pivotal Level** 📉📈

- BTC is consolidating near **$69K** (as of May 5) ahead of the FOMC meeting, with support at **$68K** and resistance at **$71.5K** .

- Volatility is expected post-FOMC:

- **Dovish Fed** (hints of future cuts) → Bullish BTC breakout.

- **Hawkish hold** → Short-term dip, but institutional inflows (e.g., ETFs) may cushion falls .

3. **FOMC Meeting (May 7) – The Macro Catalyst** 💵

- Rates are expected to **hold at 4.25%-4.5%**, but Powell’s tone is critical.

- **Watch for**:

- Inflation signals (March core PCE at **2.6% YoY**) .

- Labor market data (unemployment at **4.2%**) influencing Fed’s 2025 rate-cut timeline .

**Why It Matters?**

- Regulatory clarity from the House draft could boost **long-term crypto adoption**, while the FOMC decision will dictate **short-term BTC price action**. Traders are hedging bets, with AI-driven tokens (e.g., RNDR, FET) also gaining traction amid the uncertainty .

**Bottom Line**: Buckle up for a week of high-stakes moves! 🎢 #CryptoRegulation #Bitcoin #FOMC