The Federal Reserve's interest rate decision at 2 AM on May 8th is definitely the top priority in the current cryptocurrency space! In my opinion, there are only two possible outcomes:
The first scenario is if the Federal Reserve does not lower interest rates in May. Many people in the market have actually been prepared for this. If they do not lower interest rates, Bitcoin will likely see a correction, and the cryptocurrencies we hold may shrink in value.
The second scenario is if the Federal Reserve directly lowers interest rates in May, then Bitcoin will likely soar like a rocket! Just thinking about that scene is exhilarating.
Right now, institutions in the market are going crazy, frantically buying Bitcoin. I'm telling you, once the price of Bitcoin crosses the $100,000 mark, the $3 billion scale of "southbound funds" (the money flowing out of our country to trade cryptocurrencies) will probably be instantly swallowed by the market.
