#FOMCMeeting Bitcoin is hovering around $107,000 and Ethereum near $2,580 — dipping slightly today. The broader crypto market, after a tough Q1, has been volatile but recently staged a rebound: May saw a ~10% rally driven by rising institutional inflows and ETF interest .
Why the downturn happened
Macro‑economic pressure: Fears of a U.S. recession, rising tariffs, and global trade tensions have weighed heavily on risk assets — crypto included
Technical resistance: Bitcoin has struggled to sustainably break key levels (~$105–106K), while altcoins like ETH and XRP sit below strong EMAs
Macroe reliefEasing U.S. tariffs or trade tensions could improve sentiment Possible June bottom
