On May 8th at 2 AM, the Federal Reserve will announce its interest rate decision.
Market Reaction: Since the market has fully anticipated that interest rates will remain unchanged, the decision itself may not trigger significant volatility. The cryptocurrency market (such as Bitcoin) has seen low trading volumes and low volatility recently, with funds tending towards a defensive stance. If the decision meets expectations, the cryptocurrency market may continue to consolidate or experience slight fluctuations in the short term.
Powell's Speech is Key: The press conference of Federal Reserve Chairman Powell (scheduled for May 8th at 2:30 AM Beijing time) will be crucial. If Powell signals a “dovish” stance (such as hinting at a rate cut in June or July), it may boost risk asset sentiment and drive Bitcoin and major cryptocurrencies higher; if he maintains a “hawkish” stance (emphasizing inflation pressures or delaying rate cuts), it may exacerbate market caution, putting pressure on cryptocurrency assets, which may decline.