$BTC Eyes on the May 7 FOMC Meeting: A Market Mover in the Making

All eyes are on the upcoming Federal Open Market Committee (FOMC) meeting on May 7th. If the Federal Reserve unexpectedly announces a rate cut, it could trigger a sharp bullish reaction across markets, potentially sending prices soaring.

However, current market sentiment tells a different story. There's a 97% probability being priced in that the Fed will hold rates steady — meaning any move away from that expectation would come as a major surprise. In such a case, market volatility could spike rapidly in either direction.

Traders and investors should stay alert. Surprises from the Fed often mark turning points in market sentiment, and this meeting may be no exception.

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