Haris Mahmood Chaudhry
Open Trade
2.4 Months
Aspiring crypto learner and options trader, I share market updates and trends as a hobby.
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#USCorePCEMay
In May, core PCE inflation (excluding food and energy) rose 0.2%, doubling forecasts, with the annual rate hitting 2.7%, above April’s 2.6% and the Fed’s 2% target.
Personal income dropped 0.4%, and consumer spending fell 0.1%, suggesting economic slowdown.
Equity markets surged, with the S&P 500 and Nasdaq logging record highs, while Treasury yields eased and the dollar weakened ~0.25%
Fed implications: The hotter core PCE likely delays a July rate cut, pushing expectations to September.
In May, core PCE inflation (excluding food and energy) rose 0.2%, doubling forecasts, with the annual rate hitting 2.7%, above April’s 2.6% and the Fed’s 2% target.
Personal income dropped 0.4%, and consumer spending fell 0.1%, suggesting economic slowdown.
Equity markets surged, with the S&P 500 and Nasdaq logging record highs, while Treasury yields eased and the dollar weakened ~0.25%
Fed implications: The hotter core PCE likely delays a July rate cut, pushing expectations to September.
PINNED
#StrategyBTCPurchase
Strategy (formerly MicroStrategy) bought 10,100 more Bitcoin between June 9 and June 15, 2025, spending about $1.05 billion at an average price of $104,080 per $BTC .
This brings their total Bitcoin stash to 592,100 $BTC , which they’ve bought overall for roughly $41.84 billion (average cost ~$70,666 each). They financed this purchase by selling preferred shares (STRD, STRK, STRF).
Their Bitcoin holdings are up about 19.1% year‑to‑date in 2025, making them the largest corporate Bitcoin holder, just behind Binance.
Strategy (formerly MicroStrategy) bought 10,100 more Bitcoin between June 9 and June 15, 2025, spending about $1.05 billion at an average price of $104,080 per $BTC .
This brings their total Bitcoin stash to 592,100 $BTC , which they’ve bought overall for roughly $41.84 billion (average cost ~$70,666 each). They financed this purchase by selling preferred shares (STRD, STRK, STRF).
Their Bitcoin holdings are up about 19.1% year‑to‑date in 2025, making them the largest corporate Bitcoin holder, just behind Binance.
#TrumpTariffs
Tariff Tensions Rise as US-EU Talks Approach
President Trump has reignited trade tensions by threatening a 50% tariff on all European Union goods and a 25% levy on iPhones not made in the U.S., just before key trade talks. The EU has not yet responded, though officials suggest they will stay firm. Trump cited stalled negotiations and a persistent trade imbalance as reasons for the move. Financial markets reacted negatively, with major U.S. and European indexes falling. Apple shares also dipped. Analysts believe the announcement may be a pressure tactic rather than a confirmed policy. Talks with EU representatives are expected to continue despite rising tensions.
$BTC
$SOL
Tariff Tensions Rise as US-EU Talks Approach
President Trump has reignited trade tensions by threatening a 50% tariff on all European Union goods and a 25% levy on iPhones not made in the U.S., just before key trade talks. The EU has not yet responded, though officials suggest they will stay firm. Trump cited stalled negotiations and a persistent trade imbalance as reasons for the move. Financial markets reacted negatively, with major U.S. and European indexes falling. Apple shares also dipped. Analysts believe the announcement may be a pressure tactic rather than a confirmed policy. Talks with EU representatives are expected to continue despite rising tensions.
$BTC
$SOL
#CryptoCPIWatch
How CPI Impacts Crypto: What Traders Need to Know:
The Consumer Price Index (CPI) measures inflation by tracking changes in consumer goods and service prices. A high CPI signals rising inflation, often prompting central banks to raise interest rates. This can reduce liquidity and risk appetite, negatively affecting crypto prices. However, some investors view cryptocurrencies like Bitcoin as a hedge against inflation, potentially driving demand. CPI releases often trigger market volatility, influencing crypto alongside traditional assets. As crypto becomes more correlated with broader markets, understanding CPI is crucial for informed trading decisions. Watch CPI data closely—it can significantly impact short-term price movements and long-term market trends.
How CPI Impacts Crypto: What Traders Need to Know:
The Consumer Price Index (CPI) measures inflation by tracking changes in consumer goods and service prices. A high CPI signals rising inflation, often prompting central banks to raise interest rates. This can reduce liquidity and risk appetite, negatively affecting crypto prices. However, some investors view cryptocurrencies like Bitcoin as a hedge against inflation, potentially driving demand. CPI releases often trigger market volatility, influencing crypto alongside traditional assets. As crypto becomes more correlated with broader markets, understanding CPI is crucial for informed trading decisions. Watch CPI data closely—it can significantly impact short-term price movements and long-term market trends.
🚀 #BinanceAirdropNXPC is here!
Binance Alpha is launching a special airdrop for NEXPACE (NXPC), the token powering Nexon’s MapleStory Universe. Users can redeem NXPC by spending Alpha Points from May 13–14, 2025, on the Binance Alpha event page. NXPC fuels item creation and ecosystem growth in this Web3 gaming world. This is Binance Alpha’s first “points deduction” airdrop—rewarding active participants in a whole new way. NXPC trading starts May 15, 2025. Don’t miss this chance to get in early on one of the most exciting Web3 gaming projects! Claim your tokens now and power up your gaming experience!
$BTC
Binance Alpha is launching a special airdrop for NEXPACE (NXPC), the token powering Nexon’s MapleStory Universe. Users can redeem NXPC by spending Alpha Points from May 13–14, 2025, on the Binance Alpha event page. NXPC fuels item creation and ecosystem growth in this Web3 gaming world. This is Binance Alpha’s first “points deduction” airdrop—rewarding active participants in a whole new way. NXPC trading starts May 15, 2025. Don’t miss this chance to get in early on one of the most exciting Web3 gaming projects! Claim your tokens now and power up your gaming experience!
$BTC
#TradeWarEases
U.S. and China Agree to 90-Day Tariff Reduction, Easing Trade Tensions
On May 12, 2025, the United States and China announced a 90-day agreement to significantly reduce tariffs, aiming to de-escalate ongoing trade tensions. The U.S. will lower tariffs on Chinese imports from 145% to 30%, while China will reduce tariffs on the U.S. goods from 125% to 10%. This temporary reprieve, established during talks in Geneva, is intended to facilitate further negotiations on broader trade issues. The announcement led to a surge in global markets, with major indices and stocks in sectors like technology and retail experiencing notable gains. Both nations have committed to continued dialogue, but analysts caution that underlying structural concerns remain unresolved.
U.S. and China Agree to 90-Day Tariff Reduction, Easing Trade Tensions
On May 12, 2025, the United States and China announced a 90-day agreement to significantly reduce tariffs, aiming to de-escalate ongoing trade tensions. The U.S. will lower tariffs on Chinese imports from 145% to 30%, while China will reduce tariffs on the U.S. goods from 125% to 10%. This temporary reprieve, established during talks in Geneva, is intended to facilitate further negotiations on broader trade issues. The announcement led to a surge in global markets, with major indices and stocks in sectors like technology and retail experiencing notable gains. Both nations have committed to continued dialogue, but analysts caution that underlying structural concerns remain unresolved.
#StrategyTrade
Strategy trade in binary options involves a planned method to predict whether an asset’s price will rise or fall within a set time. Since outcomes are fixed—profit or loss—traders use strategies to improve accuracy. For example, in a trend-following strategy, a trader studies EUR/USD and sees a clear upward trend. They place a “Call” (up) option, expecting the price to be higher at expiry. If a downward trend is detected instead, they place a “Put” (down) option, predicting the price will fall. Technical tools like moving averages and RSI help confirm the trend direction before placing trades.
Strategy trade in binary options involves a planned method to predict whether an asset’s price will rise or fall within a set time. Since outcomes are fixed—profit or loss—traders use strategies to improve accuracy. For example, in a trend-following strategy, a trader studies EUR/USD and sees a clear upward trend. They place a “Call” (up) option, expecting the price to be higher at expiry. If a downward trend is detected instead, they place a “Put” (down) option, predicting the price will fall. Technical tools like moving averages and RSI help confirm the trend direction before placing trades.
Ethereum Gains Momentum with Upgrade and Market Optimism
Ethereum $ETH , the second-largest cryptocurrency by market cap, is gaining renewed investor attention following its recent Pectra upgrade. This significant network enhancement introduced features like smart account wallets, increased staking limits, and improved scalability—key to Ethereum’s long-term growth. With $ETH trading above $2,500, its highest in months, the upgrade has boosted confidence among both retail and institutional investors. As global markets turn risk-on and regulatory clarity improves, Ethereum is well-positioned to lead the next wave of decentralized applications and financial innovation. Analysts believe continued development and adoption could drive $ETH toward new all-time highs in the near future.
Ethereum $ETH , the second-largest cryptocurrency by market cap, is gaining renewed investor attention following its recent Pectra upgrade. This significant network enhancement introduced features like smart account wallets, increased staking limits, and improved scalability—key to Ethereum’s long-term growth. With $ETH trading above $2,500, its highest in months, the upgrade has boosted confidence among both retail and institutional investors. As global markets turn risk-on and regulatory clarity improves, Ethereum is well-positioned to lead the next wave of decentralized applications and financial innovation. Analysts believe continued development and adoption could drive $ETH toward new all-time highs in the near future.
#ETHCrossed2500
Ethereum Breaks $2,500 Mark Amid Market Momentum
Ethereum (ETH) surged past $2,500, hitting its highest level in months as bullish sentiment sweeps across crypto markets. The rally follows the successful rollout of Ethereum's Pectra upgrade, which introduced key enhancements like increased staking flexibility and smart account functionality. Growing institutional interest and easing macroeconomic concerns have further fueled buying pressure. ETH's breakout above the $2,500 level signals renewed confidence in its long-term scalability and role in decentralized finance. With altcoins also gaining ground, investors see Ethereum's momentum as part of a broader market resurgence. Analysts say ETH could target new highs if this trend continues.
Ethereum Breaks $2,500 Mark Amid Market Momentum
Ethereum (ETH) surged past $2,500, hitting its highest level in months as bullish sentiment sweeps across crypto markets. The rally follows the successful rollout of Ethereum's Pectra upgrade, which introduced key enhancements like increased staking flexibility and smart account functionality. Growing institutional interest and easing macroeconomic concerns have further fueled buying pressure. ETH's breakout above the $2,500 level signals renewed confidence in its long-term scalability and role in decentralized finance. With altcoins also gaining ground, investors see Ethereum's momentum as part of a broader market resurgence. Analysts say ETH could target new highs if this trend continues.
Crypto Comeback: Dogecoin Soars, Ethereum Rallies, Bitcoin Eyes Record High
#CryptoComeback #BTCBackto100K
Crypto Market Rebound:
• Bitcoin surged past $104,000 for the first time in over two months.
• Dogecoin ($DOGE) led altcoin gains with a 10% jump.
• Ethereum ($ETH ) rose 3.5%, bringing its weekly gain to over 30%.
• Other major altcoins ($SOL, $ADA, $XRP, $BNB) climbed 2–6%.
Key Drivers of the Rally:
• Risk-on sentiment returned amid improving macro and geopolitical conditions.
• Ethereum’s Pectra upgrade boosted investor confidence in scalability and efficiency.
• Political support in the U.S., with New Hampshire and Arizona proposing state-level crypto reserves.
• Trump’s positive remarks on U.S.-China trade talks helped ease market jitters.
• A new U.S.-U.K. trade deal further lifted sentiment in both equity and crypto markets.
Analyst Insights:
• Traders see a shift away from caution as altcoins break from bearish trends.
• Crypto is viewed as a hedge against market uncertainty and inflation risks.
• Institutional interest in Ethereum is rising following the Pectra upgrade.
• Bitcoin remains 5% below its all-time high of ~$108,700, with potential to surpass it if macro trends remain favorable.
Caution Ahead:
• All eyes on U.S.-China trade talks in Switzerland this weekend.
• Any negative developments could stall or reverse the current crypto rally.
#CryptoComeback #BTCBackto100K
Crypto Market Rebound:
• Bitcoin surged past $104,000 for the first time in over two months.
• Dogecoin ($DOGE) led altcoin gains with a 10% jump.
• Ethereum ($ETH ) rose 3.5%, bringing its weekly gain to over 30%.
• Other major altcoins ($SOL, $ADA, $XRP, $BNB) climbed 2–6%.
Key Drivers of the Rally:
• Risk-on sentiment returned amid improving macro and geopolitical conditions.
• Ethereum’s Pectra upgrade boosted investor confidence in scalability and efficiency.
• Political support in the U.S., with New Hampshire and Arizona proposing state-level crypto reserves.
• Trump’s positive remarks on U.S.-China trade talks helped ease market jitters.
• A new U.S.-U.K. trade deal further lifted sentiment in both equity and crypto markets.
Analyst Insights:
• Traders see a shift away from caution as altcoins break from bearish trends.
• Crypto is viewed as a hedge against market uncertainty and inflation risks.
• Institutional interest in Ethereum is rising following the Pectra upgrade.
• Bitcoin remains 5% below its all-time high of ~$108,700, with potential to surpass it if macro trends remain favorable.
Caution Ahead:
• All eyes on U.S.-China trade talks in Switzerland this weekend.
• Any negative developments could stall or reverse the current crypto rally.
Crypto Comeback: Dogecoin Soars, Ethereum Rallies, Bitcoin Eyes Record High
#CryptoComeback #BTCBackto100K
Crypto Market Rebound
• Bitcoin surged past $104,000 for the first time in over two months.
• Dogecoin (DOGE) led altcoin gains with a 10% jump.
• Ethereum ($ETH ) rose 3.5%, bringing its weekly gain to over 30%.
• Other major altcoins ($SOL, $ADA, $XRP, $BNB) climbed 2–6%.
Key Drivers of the Rally
• Risk-on sentiment returned amid improving macro and geopolitical conditions.
• Ethereum’s Pectra upgrade boosted investor confidence in scalability and efficiency.
• Political support in the U.S., with New Hampshire and Arizona proposing state-level crypto reserves.
• Trump’s positive remarks on U.S.-China trade talks helped ease market jitters.
• A new U.S.-U.K. trade deal further lifted sentiment in both equity and crypto markets.
Analyst Insights
• Traders see a shift away from caution as altcoins break from bearish trends.
• Crypto is viewed as a hedge against market uncertainty and inflation risks.
• Institutional interest in Ethereum is rising following the Pectra upgrade.
• Bitcoin remains 5% below its all-time high of ~$108,700, with potential to surpass it if macro trends remain favorable.
Caution Ahead
• All eyes on U.S.-China trade talks in Switzerland this weekend.
• Any negative developments could stall or reverse the current crypto rally.
Crypto Market Rebound
• Bitcoin surged past $104,000 for the first time in over two months.
• Dogecoin (DOGE) led altcoin gains with a 10% jump.
• Ethereum ($ETH ) rose 3.5%, bringing its weekly gain to over 30%.
• Other major altcoins ($SOL, $ADA, $XRP, $BNB) climbed 2–6%.
Key Drivers of the Rally
• Risk-on sentiment returned amid improving macro and geopolitical conditions.
• Ethereum’s Pectra upgrade boosted investor confidence in scalability and efficiency.
• Political support in the U.S., with New Hampshire and Arizona proposing state-level crypto reserves.
• Trump’s positive remarks on U.S.-China trade talks helped ease market jitters.
• A new U.S.-U.K. trade deal further lifted sentiment in both equity and crypto markets.
Analyst Insights
• Traders see a shift away from caution as altcoins break from bearish trends.
• Crypto is viewed as a hedge against market uncertainty and inflation risks.
• Institutional interest in Ethereum is rising following the Pectra upgrade.
• Bitcoin remains 5% below its all-time high of ~$108,700, with potential to surpass it if macro trends remain favorable.
Caution Ahead
• All eyes on U.S.-China trade talks in Switzerland this weekend.
• Any negative developments could stall or reverse the current crypto rally.
Borderless Banking: Stripe Launches Stablecoin Accounts in 100+ Countries
Stripe has rolled out stablecoin accounts supporting USDC and USDB (via Bridge) across 100+ countries, allowing users to hold and manage balances like traditional bank accounts. These accounts support USD, EUR, and GBP, offering a stable financial tool for businesses, especially in regions with weak banking systems. Partnerships with Ramp and Visa enable stablecoin-backed corporate cards and global acceptance. Stripe also unveiled AI tools that embed smart agents into apps, streamlining commerce. With stablecoins and AI as “twin revolutions,” Stripe is evolving into a global platform for programmable, borderless finance.
#StripeStablecoinAccounts،
Stripe has rolled out stablecoin accounts supporting USDC and USDB (via Bridge) across 100+ countries, allowing users to hold and manage balances like traditional bank accounts. These accounts support USD, EUR, and GBP, offering a stable financial tool for businesses, especially in regions with weak banking systems. Partnerships with Ramp and Visa enable stablecoin-backed corporate cards and global acceptance. Stripe also unveiled AI tools that embed smart agents into apps, streamlining commerce. With stablecoins and AI as “twin revolutions,” Stripe is evolving into a global platform for programmable, borderless finance.
#StripeStablecoinAccounts،
Borderless Banking: Stripe Launches Stablecoin Accounts Across 100+ Countries
#StripeStablecoinAccounts
Stripe Launches Stablecoin Accounts Globally
• Stripe now offers stablecoin accounts in over 100 countries.
• Users can receive, hold, and manage balances in USDC and USDB — a new stablecoin from Bridge, a platform Stripe acquired earlier this year.
Multi-Currency and Secure Storage
• Accounts support USD , EUR , and GBP.
• Offers a stable, secure financial tool—especially for businesses in regions with fragile banking systems.
From Payments Processor to Global Financial Network
• Stripe is evolving from a simple payments provider to a platform for borderless finance.
• Stablecoins are positioned as fast, low-cost, and stable tools for real-world commerce, particularly in unstable markets.
Bridge Powers Stablecoin Infrastructure
• Bridge enables crypto-fiat interoperability behind the scenes.
• Provides seamless currency conversion and treasury tools for businesses.
Partnerships with Ramp and Visa
• Ramp is launching stablecoin-backed corporate cards, offering faster settlements and lower FX fees.
• Visa is supporting the expansion, allowing stablecoin transactions across its global network.
AI Integration: The Next Frontier
• Stripe introduced new AI-powered tools for developers to embed smart agents into apps.
• These agents can automate actions like purchases from user to-do lists.
• Stripe is now the payment partner for Visa’s AI agent program.
A Vision for Programmable Money
• Stripe aims to unify AI and stablecoins as foundational technologies for the future of global commerce.
• Described as “twin revolutions,” they mark Stripe’s shift toward a programmable, interoperable financial platform.
$BTC
$BNB
$ETH
Stripe Launches Stablecoin Accounts Globally
• Stripe now offers stablecoin accounts in over 100 countries.
• Users can receive, hold, and manage balances in USDC and USDB — a new stablecoin from Bridge, a platform Stripe acquired earlier this year.
Multi-Currency and Secure Storage
• Accounts support USD , EUR , and GBP.
• Offers a stable, secure financial tool—especially for businesses in regions with fragile banking systems.
From Payments Processor to Global Financial Network
• Stripe is evolving from a simple payments provider to a platform for borderless finance.
• Stablecoins are positioned as fast, low-cost, and stable tools for real-world commerce, particularly in unstable markets.
Bridge Powers Stablecoin Infrastructure
• Bridge enables crypto-fiat interoperability behind the scenes.
• Provides seamless currency conversion and treasury tools for businesses.
Partnerships with Ramp and Visa
• Ramp is launching stablecoin-backed corporate cards, offering faster settlements and lower FX fees.
• Visa is supporting the expansion, allowing stablecoin transactions across its global network.
AI Integration: The Next Frontier
• Stripe introduced new AI-powered tools for developers to embed smart agents into apps.
• These agents can automate actions like purchases from user to-do lists.
• Stripe is now the payment partner for Visa’s AI agent program.
A Vision for Programmable Money
• Stripe aims to unify AI and stablecoins as foundational technologies for the future of global commerce.
• Described as “twin revolutions,” they mark Stripe’s shift toward a programmable, interoperable financial platform.
$BTC
$BNB
$ETH
Ethereum Rolls Out Pectra Upgrade, Boosting Wallet Functionality and Staking Options
#PectraUpgrade #Ethereum
Overview of Pectra Upgrade
• Ethereum's Pectra upgrade, activated on May 7 at epoch 364032, is its most significant since the Merge and Dencun.
• It introduces major Ethereum Improvement Proposals (EIPs) to enhance staking, wallet usability, and scalability.
Key Features and Technical Enhancements
Staking Improvements
• EIP-7251: Raises max staking limit from 32 $ETH to 2,048 $ETH , reducing validator overhead.
• Enables smart contract automation for staking operations, supporting institutional and programmable staking.
Smart Account Functionality
• EIP-7702: Introduces account abstraction with features like:
o Paying gas fees in non-ETH tokens.
o Batch transactions.
o Alternative authentication methods (e.g., passkeys).
Execution Layer Enhancements
• EIP-7002: Allows $ETH withdrawals from the execution layer, increasing staking flexibility and liquidity.
• EIP-6110: Moves validator deposits to the execution layer, cutting activation times to under 15 minutes.
Scalability and Data Efficiency
Layer 2 Support
• EIP-7691: Increases block data blobs, improving throughput and lowering costs for rollups.
• Sets foundation for proto-danksharding and Verkle trees.
Oracle and Cross-Layer Communication
• EIP-2935: Enables access to recent block hashes on-chain, aiding trustless oracles.
Other Notable EIPs
• EIP-7623, EIP-7685, EIP-7549, EIP-7840: Focus on fee stability and data efficiency.
• EIP-2537: Lowers gas costs for cryptographic operations.
Deployment and Future Outlook
• Smooth mainnet deployment followed testing on the Hoodi testnet.
• Fusaka, the second phase of the upgrade, is planned for late 2025 with features like PeerDAS for enhanced scalability.
Market Reaction
• Ethereum’s price remained relatively stable, trading around $1,800, with a 3% increase post-upgrade.
Overview of Pectra Upgrade
• Ethereum's Pectra upgrade, activated on May 7 at epoch 364032, is its most significant since the Merge and Dencun.
• It introduces major Ethereum Improvement Proposals (EIPs) to enhance staking, wallet usability, and scalability.
Key Features and Technical Enhancements
Staking Improvements
• EIP-7251: Raises max staking limit from 32 $ETH to 2,048 $ETH , reducing validator overhead.
• Enables smart contract automation for staking operations, supporting institutional and programmable staking.
Smart Account Functionality
• EIP-7702: Introduces account abstraction with features like:
o Paying gas fees in non-ETH tokens.
o Batch transactions.
o Alternative authentication methods (e.g., passkeys).
Execution Layer Enhancements
• EIP-7002: Allows $ETH withdrawals from the execution layer, increasing staking flexibility and liquidity.
• EIP-6110: Moves validator deposits to the execution layer, cutting activation times to under 15 minutes.
Scalability and Data Efficiency
Layer 2 Support
• EIP-7691: Increases block data blobs, improving throughput and lowering costs for rollups.
• Sets foundation for proto-danksharding and Verkle trees.
Oracle and Cross-Layer Communication
• EIP-2935: Enables access to recent block hashes on-chain, aiding trustless oracles.
Other Notable EIPs
• EIP-7623, EIP-7685, EIP-7549, EIP-7840: Focus on fee stability and data efficiency.
• EIP-2537: Lowers gas costs for cryptographic operations.
Deployment and Future Outlook
• Smooth mainnet deployment followed testing on the Hoodi testnet.
• Fusaka, the second phase of the upgrade, is planned for late 2025 with features like PeerDAS for enhanced scalability.
Market Reaction
• Ethereum’s price remained relatively stable, trading around $1,800, with a 3% increase post-upgrade.
Bitcoin Holds Steady Ahead of FOMC Decision Amid Market Caution
#FOMCMeeting
Bitcoin $BTC Holds Steady Ahead of FOMC Decision Amid Market Caution
As of May 6, 2025, Bitcoin $BTC is trading around $94,000, showing resilience ahead of the Federal Reserve's FOMC meeting on May 7. Analyst Michaël van de Poppe suggests that BTC is nearing the end of its correction phase, potentially setting the stage for a bullish trend.
Market participants widely anticipate that the Fed will maintain current interest rates, with a 95% probability of no change. However, attention is focused on Chair Jerome Powell's commentary, as a dovish tone could boost risk assets like Bitcoin, while a hawkish stance might apply downward pressure.
Technical indicators show Bitcoin's RSI at 62, indicating potential for further gains before reaching overbought conditions. The 50-day moving average at $66,800 serves as a key support level. Analysts are monitoring the $91,500–$100,000 range, with price movements likely influenced by the Fed's upcoming decisions.
Bitcoin $BTC Holds Steady Ahead of FOMC Decision Amid Market Caution
As of May 6, 2025, Bitcoin $BTC is trading around $94,000, showing resilience ahead of the Federal Reserve's FOMC meeting on May 7. Analyst Michaël van de Poppe suggests that BTC is nearing the end of its correction phase, potentially setting the stage for a bullish trend.
Market participants widely anticipate that the Fed will maintain current interest rates, with a 95% probability of no change. However, attention is focused on Chair Jerome Powell's commentary, as a dovish tone could boost risk assets like Bitcoin, while a hawkish stance might apply downward pressure.
Technical indicators show Bitcoin's RSI at 62, indicating potential for further gains before reaching overbought conditions. The 50-day moving average at $66,800 serves as a key support level. Analysts are monitoring the $91,500–$100,000 range, with price movements likely influenced by the Fed's upcoming decisions.
#FOMCMeeting
Bitcoin Holds Steady Ahead of FOMC Decision Amid Market Caution
As of May 6, 2025, Bitcoin $BTC is trading around $94,000, showing resilience ahead of the Federal Reserve's FOMC meeting on May 7. Analyst Michaël van de Poppe suggests that BTC is nearing the end of its correction phase, potentially setting the stage for a bullish trend.
Market participants widely anticipate that the Fed will maintain current interest rates, with a 95% probability of no change. However, attention is focused on Chair Jerome Powell's commentary, as a dovish tone could boost risk assets like Bitcoin, while a hawkish stance might apply downward pressure.
Technical indicators show Bitcoin's RSI at 62, indicating potential for further gains before reaching overbought conditions. The 50-day moving average at $66,800 serves as a key support level. Analysts are monitoring the $91,500–$100,000 range, with price movements likely influenced by the Fed's upcoming decisions.
Bitcoin Holds Steady Ahead of FOMC Decision Amid Market Caution
As of May 6, 2025, Bitcoin $BTC is trading around $94,000, showing resilience ahead of the Federal Reserve's FOMC meeting on May 7. Analyst Michaël van de Poppe suggests that BTC is nearing the end of its correction phase, potentially setting the stage for a bullish trend.
Market participants widely anticipate that the Fed will maintain current interest rates, with a 95% probability of no change. However, attention is focused on Chair Jerome Powell's commentary, as a dovish tone could boost risk assets like Bitcoin, while a hawkish stance might apply downward pressure.
Technical indicators show Bitcoin's RSI at 62, indicating potential for further gains before reaching overbought conditions. The 50-day moving average at $66,800 serves as a key support level. Analysts are monitoring the $91,500–$100,000 range, with price movements likely influenced by the Fed's upcoming decisions.
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