$BTC #FOMCMeeting

As the Federal Open Market Committee (FOMC) meeting concludes tomorrow, the cryptocurrency market remains on high alert. Bitcoin (BTC) is trading around $94,566, while Ethereum (ETH) hovers near $1,768.

Market Sentiment:

Investors are closely watching for any signals from Fed Chair Jerome Powell regarding future monetary policy. While a rate hold is widely expected, any hints at future cuts or continued tightening could significantly impact crypto prices .

Ethereum's Pectra Upgrade:

Adding to the market's anticipation, Ethereum's Pectra upgrade is set to roll out on May 7. This upgrade aims to enhance staking and usability, potentially influencing ETH's price movement .

Investor Outlook:

With the Fear & Greed Index at a neutral 50, the market awaits clarity. A dovish stance from the Fed could ignite a rally in crypto assets, while a hawkish tone may lead to further declines.