The crypto world is holding its breath as the Federal Reserve gears up for a critical policy update tomorrow at 2 PM UTC. While a rate hold is almost guaranteed, all eyes are on Fed Chair Jerome Powell’s press conference at 2:30 PM UTC, where the real action begins.
Here’s what’s changed since the last FOMC meeting: Inflation has eased, but the economy hit a speed bump with negative GDP growth. This shift could prompt Powell to take on a more dovish tone, potentially laying the groundwork for future rate cuts. That kind of guidance could send Bitcoin$BTC and other risk assets soaring.
And there’s another catalyst in play: Quantitative Tightening (QT). If the Fed signals a slowdown—or a full stop—to its liquidity-draining bond sales, it could spark renewed market momentum, giving crypto bulls fresh fuel.
Bottom Line: Watch for Powell’s tone and any clues on QT. A policy pivot could trigger a breakout for Bitcoin$BTC
