Powell's speech at the meeting in the early morning,
Conclusion: The Federal Reserve remains on hold, interest rate cut expectations are delayed again, and market short-term volatility intensifies.
Currently, Bitcoin has successfully reached the 98,000 mark and is in a key support zone before 100,000. If it can stabilize and absorb short-term selling pressure, the chances of a subsequent rally will significantly increase, especially against the backdrop of continuous net inflows into spot ETFs; breaking through is just a matter of time.
Bitcoin's total market value has now surpassed that of silver, ranking sixth in global asset market value. If it can successfully break through the 100,000 mark, it is expected to enter the top five. This year, challenging the top two is just around the corner, and the next bull market may have a chance to challenge gold's dominant position.
Hotspot overview:
1. BN Alpha airdrop popularity is rising, zk privacy project ZKJ and ETH staking protocol Obol are coming, with a points mechanism launching next week.
2. Social project Kaito is surging with a short squeeze, with short interest rates as high as -1%.
3. Established coin EOS is rebounding, and the coin swap will be completed on May 14.
4. Meme coin TITCOIN quickly rebounds after a significant drop, nearing new highs.
