🚨 Crypto Markets Brace for FOMC Decision: Will Powell's Words Ignite a Rally or Trigger a Pullback?
As the Federal Open Market Committee (FOMC) convenes on May 7, 2025, the crypto world watches with bated breath. While a rate hold at 4.25%–4.5% is widely anticipated, it's Fed Chair Jerome Powell's subsequent remarks that could sway the markets. A dovish tone might propel Bitcoin towards the $100K mark, whereas a hawkish stance could see it dip to around $91.5K.
Currently, Bitcoin hovers near $94,000, reflecting traders' cautious stance ahead of the announcement.