$BTC
Bitcoin is showing strong growth momentum and is heading towards the 100,000 USD mark.
* Investors are closely monitoring the Federal Reserve's (FOMC) interest rate decision on May 7, 2025.
* Most experts predict the Fed will keep interest rates unchanged. However, Chairman Jerome Powell's statements could cause significant volatility in the cryptocurrency market.
* If Mr. Powell takes a cautious stance on inflation ("hawkish"), the price of Bitcoin could drop to the range of 91,500 - 92,000 USD.
* Conversely, if Mr. Powell hints at potential interest rate cuts in the future, Bitcoin could rebound back near 100,000 USD.