May 6, 2025

Bitcoin pauses before Powell's announcement

The digital currency halts its rise; the market wants to hear what the Fed chair will say.

Bitcoin (BTC) has entered a phase of caution as investors await the decision of the Federal Reserve (Fed) of the United States regarding interest rates, scheduled for tomorrow, Wednesday, May 7, 2025.

At the time of this publication, as can be seen in the CryptoNews Price Calculator, BTC is trading around USD 94,000, 13% below its all-time high of USD 109,300 recorded on January 20, coinciding with Donald Trump's presidential inauguration.

This pause in Bitcoin's bullish momentum reflects the uncertainty surrounding the upcoming Fed announcement and, in particular, the subsequent speech by its chair, Jerome Powell, whose words could provide key insights into the direction of monetary policy in the coming months.

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