#FOMCMeeting The Federal Open Market Committee (#FOMCMeeting) has decided to keep interest rates steady at 4.25%–4.5% following its meeting on May 7, 2025. This move reflects a cautious stance amid ongoing economic uncertainties, including recent tariffs and mixed labor market signals.

In the crypto space, Bitcoin dipped slightly by 0.1% to $94,219, while XRP and Ethereum saw drops of 2.7% and 0.7% respectively. These shifts show how closely the crypto market is tied to macroeconomic updates.

Investors are now tuning in to Fed Chair Jerome Powell's statements for any hints about future rate cuts—which could be bullish for crypto. Lower interest rates typically drive more interest in risk assets like Bitcoin and altcoins.

Stay alert—macroeconomic events like these shape the future of crypto!