$BTC The Federal Reserve FOMC meeting's policy direction significantly impacts the cryptocurrency market: 1) If interest rates are raised or hawkish signals are released, expectations of tightening liquidity will suppress risk appetite, potentially putting pressure on cryptocurrencies like Bitcoin; 2) If interest rates are paused or shift towards easing, a weaker dollar may stimulate funds to flow into the crypto space seeking high returns; 3) If inflation expectation management is strengthened, it may weaken the narrative of cryptocurrencies as 'inflation hedges,' but as concerns about economic recession rise, some funds may view them as alternative safe-haven assets. In the short term, cryptocurrency prices are susceptible to the impact of interest rate decisions and Powell's statements, leading to increased volatility; the long-term trend still needs to be assessed in conjunction with regulations, technological cycles, and institutional participation.