As of May 6, 2025, the Federal Open Market Committee (FOMC) has not yet announced its decision from the ongoing May 6–7 meeting. Markets widely anticipate that the Fed will maintain the federal funds rate at 4.25%–4.50%, given persistent inflation and a resilient labor market.

The crypto market remains cautious ahead of the decision. Bitcoin (#BTC) is trading around $93,797, down 0.54% today, while Ethereum (ETH) is at $1,772, down 1.97%. Altcoins like Cardano (#ADA) and #XRP have also experienced declines as traders await guidance from Fed Chair Jerome Powell.

The FOMC's decision and Powell's subsequent comments are expected to influence crypto market volatility. A hawkish stance could pressure Bitcoin toward the $91,500–$92,000 support range, whereas dovish signals might propel it toward $100,000.

Fed Chair Powell's press conference is scheduled for May 7 at 2:00 PM ET, which will provide further insights into the Fed's policy direction.