$BTC

Today, May 6, 2025, Bitcoin ($BTC) is trading with increased volatility as the market prepares for the May 7 FOMC Meeting. BTC recently bounced back from the $60,000 support zone and is now hovering around $63,200, showing strength amid macro uncertainty. On-chain data indicates accumulation from long-term holders, while short-term traders are cautiously adjusting positions. Tomorrow’s Fed decision will likely determine Bitcoin’s short-term trajectory. If the Fed signals rate cuts or maintains a neutral tone, BTC could break toward $65K. All eyes are on how macro and regulation news impact Bitcoin’s dominance.