📉 Latest FOMC Impact on Crypto (May 2024)
1.Fed Held Rates Steady (5.25%-5.50%)
No rate cuts yet, but Powell signaled possible cuts later in 2024 if inflation cools.
Bitcoin (BTC)initially dipped to $59K but rebounded to $BTC 63K (showing resilience).
2.Market Expectations Traders now pricing in 1-2 rate cuts in 2024 (likely starting in September).
- A dovish Fed later this year could boost Bitcoin & altcoins.
3. Today’s Crypto Moves (May 7) $BTC : Holding $63,000 (+2% in 24h). $ETH : Testing $3,100 ahead of ETF decision delays.
Altcoins: Mixed (SOL +3%, XRP flat).
📊 Key Chart to Watch (Bitcoin vs. Fed Rate Expectations)(Search "BTC Fed rate cuts 2024" for live charts)*
(Example: Bitcoin’s reaction to Fed liquidity changes)
🚨 What’s Next?
June 12 FOMC Meeting: Next major catalyst (watch for rate cut hints).
CPI Inflation Data (May 15): Could sway Fed’s next move.
Crypto Reaction: If Fed turns dovish, expect BTC to surge toward $70K.
💡 Trading Tip
Short-term: Crypto may stay range-bound until clearer Fed signals.
Long-term: Rate cuts = bullish for Bitcoin & risk assets.
