$BTC Bitcoin above $94,000: institutional inflows and anticipation for the Fed support the price
Bitcoin continues to consolidate above the $94,000 mark, supported by positive signals from institutional investors. BlackRock has increased its holdings through its iShares Bitcoin Trust ETF, purchasing over 41,000 BTC in just a few days. On-chain movements also indicate significant activity: a whale moved 1,000 BTC purchased 11 years ago, now valued at around $100 million.
On the forecast front, former Binance CEO, CZ, stated that BTC could reach between $500,000 and $1 million in this bullish cycle. Meanwhile, technical analysts are observing significant resistance in the $99,900 area, while support is consolidating around $94,000.
The market is cautiously awaiting the Fed's decision scheduled for tomorrow, which could influence overall sentiment. No rate cuts are expected, but Powell's words could impact short-term volatility.
#FOMCMeeting The Fed is preparing to decide, markets are waiting
Today, May 6, 2025, the two-day meeting of the Federal Open Market Committee (FOMC) begins, with the announcement expected tomorrow, May 7, at 8:00 PM Italian time. The press conference by Chair Jerome Powell will follow at 8:30 PM.
Market expectations indicate a 94% probability that the Fed will keep interest rates unchanged in the current range of 4.25%–4.50%. However, attention will be focused on future indications: a more accommodative tone could positively influence the markets, while a more restrictive approach could cause volatility.
In the meantime, Bitcoin is hovering around $94,000, while Ethereum is around $1,800, with traders closely monitoring the Fed's decisions.
A draft law aimed at redefining the crypto market has been presented to the House: clarity between SEC and CFTC, criteria for decentralization (no entity with over 10% of the supply), and more access for retail investors.
But the proposal divides Congress, with political clashes also related to the relationship between crypto and the Trump administration. The regulatory battle has just begun.
#MarketPullback Wall Street retreats amid macro uncertainties and trade tensions
US markets start the week in the red: Dow Jones down, S&P 500 and Nasdaq under pressure. Weighing on them are Trump's new tariff threats, the anticipation for the Fed meeting (with no cuts expected), and the collapse of oil after the OPEC+ announcement.
A signal of caution between aggressive politics and changing global scenarios.
The GENIUS Act, the US bill on stablecoins, is at risk of falling through: nine Democratic senators have withdrawn their support, raising concerns about security and money laundering.
Complicating matters are controversial political ties and alleged interests linked to Trump for billions in stablecoins.
The vote is still in the balance, but anticipation remains high for clear regulations on the role of stablecoins in the American digital economy.
The EU has decided: from 2027, cryptocurrencies focused on privacy such as Monero, Zcash, and Dash will be banned. The measure is part of the new anti-money laundering package to better track digital transactions.
Some exchanges are already adapting, delisting tokens for European users. A historic crackdown, with significant implications for privacy and decentralization.
Apple updates the App Store rules: it is now possible to include external links for crypto and NFT payments, without going through the internal system (and its fees).
A historic turning point after the federal ruling that imposes more freedom for developers. The Web3 world will finally be able to offer more complete experiences even on iPhone.
#DigitalAssetBill On May 6, the law on crypto will be voted on in the USA
Congress is preparing to vote on a key law to regulate stablecoins and finally provide a clear regulatory framework for the crypto sector.
In the meantime, the Trump administration has already taken the first steps with the creation of the strategic Bitcoin reserve and the national deposit of digital assets.
If approved, the Digital Asset Bill could mark the beginning of a new era for the regulated adoption of cryptocurrencies in the United States.
Visa launches new cards linked to stablecoins in collaboration with Bridge: real-time crypto payments, converted to local currency. Coming first to Latin America, then to the rest of the world.
Bridge, recently acquired by Stripe for $1.1 billion, is revolutionizing payment infrastructure with stablecoins. Among the already active clients: SpaceX and Coinbase.
Stablecoins are entering the real economy. Mass adoption is getting closer.
The SEC has officially postponed decisions on several ETFs related to altcoins. Evaluations on Ethereum with staking, XRP, Dogecoin, Solana, and Hedera have been delayed, with new dates set between June and October 2025.
The postponement is not a rejection, but part of the regulatory process. The market remains on hold: the real verdict could arrive in the fourth quarter, with potential impacts on the entire altcoin sector.
Bitcoin fluctuates around $95,000, after reaching a peak of $95,533. Sentiment remains strongly bullish.
Projections for the second quarter aim for $120,000, with some analysts even talking about $200,000 by the end of the year, driven by institutional demand and continued inflows into ETFs.
The safe-haven effect has strengthened after the halt to tariffs announced by Trump, and there is growing attention for a possible strategic use of BTC by the US government.
Everything suggests an extended bullish phase throughout 2025.
Arizona has approved two laws authorizing the state to invest up to 10% of public funds in Bitcoin and other digital assets, for a potential value of over $3 billion.
If the governor signs, it will be the first US state with an official reserve in BTC.
The market reacted immediately: $BTC surged past $71K, driven by institutional enthusiasm.
A historic precedent that could inspire other American states.
Congress is accelerating to make the 2017 tax cuts permanent before the end-of-year deadline.
New proposals include exemptions on tips, overtime, and pension income. But with an estimated cost of $4.5 trillion over 10 years, tensions are rising over how to cover the shortfall.
Cuts to Medicaid, education, and green energy are on the table, but the path remains uncertain amid political divisions and upcoming elections.
#XRPETFs A new frontier for XRP Brazil has launched the first spot ETF on XRP, XRPH11, marking a historic step in institutional adoption. In the United States, pressure is growing: Bitwise and Grayscale are pushing for official approvals from the SEC. Meanwhile, XRP is consolidating above $2.24, with the market ready to react to any news. An approved ETF in the USA could change everything.