As the Federal Reserve concludes its May 7 FOMC meeting today, the crypto market is poised for potential volatility. While the Fed is widely expected to maintain interest rates at 4.25%–4.5%, investors are closely watching Chair Jerome Powell's press conference for hints about future monetary policy.

Bitcoin (BTC) has been trading steadily around $94,000, with traders preparing for possible market swings following the Fed's announcement. Analysts suggest that a hawkish tone from Powell could push BTC towards the $91,500 support level, while dovish signals might drive it above $97,000.

Altcoins have experienced sharper declines ahead of the meeting, reflecting broader market caution. The outcome of today's FOMC meeting and Powell's remarks will be critical in determining the short-term direction of the crypto market.

Stay tuned for updates as the Fed's decisions unfold and their impact on the cryptocurrency landscape becomes clearer.#FOMCMeeting