#FOMCMeeting Market participants are now focused on Jerome Powell, the chairman of the U.S. Federal Reserve, and his speech following the Federal Open Market Committee (FOMC) meeting. The Federal Reserve and Powell are under pressure from U.S. President Donald Trump to lower interest rates.

Therefore, the market will be closely watching the language Powell uses in the FOMC press conference to see if there is any change in tone.

"If Powell appears moderate, that will provide an additional boost for the bulls," said the private wealth manager Swissblock in a post on Tuesday on X, adding that a de-escalation of geopolitical risk will cause bitcoin to "move quickly, targeting bearish liquidations."