$BTC $ETH #FOMCMeeting

As of today, Tuesday, May 6, 2025, the crypto market is closely monitoring the upcoming Federal Open Market Committee (FOMC) meeting scheduled for May 7. While the Federal Reserve is widely expected to maintain the current interest rate range of 4.25%–4.50%, investors are keenly awaiting Chair Jerome Powell's speech for any indications of future monetary policy shifts. BeInCrypto+2Coinpedia Fintech News+2The Crypto Times+2

Current Market Snapshot:

Bitcoin (BTC): Approximately $94,489, showing a slight increase of 0.31% over the past 24 hours.

Ethereum (ETH): Around $1,769, experiencing a decline of 2.16% in the same period.BeInCrypto+2CoinGape+2FingerLakes1+2

Potential Market Implications:

Hawkish Tone: If Powell emphasizes concerns about inflation, Bitcoin's price could dip towards the $91,500–$92,000 range.

Dovish Tone: Conversely, hints at future rate cuts might propel Bitcoin towards the $100,000 mark. YouTube+4The Crypto Times+4Coinpedia Fintech News+4

Analysts advise caution, noting that even without a rate change, Powell's commentary could introduce significant volatility into the crypto market. The press conference is scheduled for 2:00 PM ET on May 7 and will be broadcast live on the Federal Reserve's official channels. #FOMCMeeting