#FOMC_Meeting_Results

As of May 7, 2025, the cryptocurrency market is experiencing notable movements ahead of the U.S. Federal Reserve's (FOMC) interest rate decision.

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📉 Bitcoin (BTC) Faces Resistance at $97K

Bitcoin has recently reached a high of $97,226.1 but is encountering selling pressure at this level. Currently, BTC is trading at approximately $96,881, reflecting a 2.4% increase over the past 24 hours. The $94,500 mark is acting as a strong support level, with significant buying interest observed in the futures market.

The market is closely watching the FOMC meeting, with a 96% probability that the Fed will maintain current interest rates. However, traders are keenly awaiting comments from Fed Chair Jerome Powell, as any indication of future rate cuts could positively influence Bitcoin's price.

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🚀 Cardano (ADA) Leads Gains Among Major Cryptocurrencies

Cardano's ADA token is showing strong performance, currently trading at around $0.680. This upward movement positions ADA as a leader among major cryptocurrencies in terms of gains.