The Federal Open Market Committee (FOMC) concludes its two-day meeting today, May 7, 2025, with the policy decision announcement at 2:00 p.m. EST (9:00 p.m. Riyadh time), followed by Fed Chair Jerome Powell's press conference at 2:30 p.m. EST (9:30 p.m. Riyadh time). Markets widely anticipate that the Fed will maintain the current federal funds rate at 4.25%–4.50%, with CME FedWatch Tool indicating a 94% probability of no change .

Bitcoin Market Outlook

Bitcoin ($BTC ) is currently trading around $96,877, reflecting a 2.88% increase over the previous close. The intraday high reached $97,513, while the low touched $93,587.

Market analysts suggest that Powell's tone during the press conference could significantly influence Bitcoin's price movement:

Dovish Tone: If Powell hints at potential rate cuts in the near future, Bitcoin could rally towards the $100,000 mark.

Hawkish Tone: Conversely, if Powell emphasizes concerns about persistent inflation and the need to keep rates elevated, Bitcoin might test support levels between $91,500 and $92,000.

Traders are advised to exercise caution, as Powell's remarks could lead to increased volatility in the crypto market. It's recommended to avoid high leverage positions during this period.

You can watch Powell's press conference live on the Federal Reserve's official website.#FOMCMeeting