$SOL The cryptocurrency market shows mixed performance today ahead of the weekly opening in the US stock market. With Bitcoin retreating from its weekly peak, altcoins experienced a slight decline.

With the upcoming Federal Open Market Committee (FOMC) meeting on May 6-7, the crypto market is poised to be significantly influenced afterwards, as investors closely monitor the Federal Reserve's stance on interest rates and monetary policy.

Market Overview

Bitcoin (BTC): Showing resilience, Bitcoin regains footing with its price hovering around $94K, reflecting a slight decrease of about 1.4% in the last 24 hours but maintaining strong bullish momentum overall. Analysts suggest a potential peak between $96,000 and $98,000 in the coming hours, driven by updated institutional weekly sentiment and anticipation surrounding the upcoming FED meeting.