#FOMCMeeting Bitcoin could rise regardless of the FED's FOMC decision this week.
Bitcoin rose above $95,000 again, and gains could continue even after this week's FOMC.
Key points:
The Fed may pause rates but inject liquidity. Cryptocurrencies could rally as a hedge against a recession.
The weak US dollar and the gold rally indicate a shift towards scarce assets.
The decision on interest rates by the US FOMC on May 7 will be a defining moment for risk assets, including cryptocurrencies. Although consensus points to no changes in interest rates, BTC 84,495 € and altcoins could see gains if the US Treasury is forced to inject liquidity to avoid an economic recession.
