FOMC Meeting Sparks Crypto Buzz: What’s Next for Markets?
The Federal Open Market Committee (FOMC) meeting on May 6-7, 2025, has crypto investors on edge as the Federal Reserve announces its latest interest rate decision today at 2:00 p.m. ET, followed by Chair Jerome Powell’s press conference at 2:30 p.m. ET. Markets expect rates to stay steady at 4.25%-4.5%, with a 94% chance of no change, driven by persistent inflation concerns.Bitcoin and altcoins are bracing for volatility. A dovish tone from Powell could fuel a rally, with analysts eyeing Bitcoin’s $91.5K support or a potential $100K rebound. However, a hawkish stance might trigger a pullback. Crypto analyst Michaël van de Poppe notes a rate cut is unlikely but emphasizes Powell’s comments will set the tone for risk assets.Stay tuned for real-time updates as Binance Square tracks how the FOMC’s moves ripple through crypto markets. Will Powell’s words ignite a bull run or cool the market? Share your predictions below! 🚀
Source: Coinpedia, Yahoo Finance
