Today, the crypto market is expected to be highly volatile as all eyes turn to the U.S. Federal Reserve’s upcoming policy decision. The Federal Open Market Committee (FOMC) is holding its scheduled meeting on May 6–7 to assess the economic outlook and understand the future of U.S. interest rates. The FOMC, led by Chair Jerome Powell
Initially, there were expectations of a full percentage point of cuts due to concerns over Trump tariffs. But now they expect a smaller 0.75% cut for the year. Powell has repeatedly said that the Fed needs to wait for clarity on Trump’s policies before making any decision.
Some analysts also believe the Fed could signal the end of Quantitative Tightening (QT), a policy that has been draining liquidity from markets since 2022. Treasury Secretary Scott Bessent will meet Chinese officials in Switzerland this weekend to discuss any possible tariff changes.
As the US and China are looking to ease the ongoing trade tensions, Bitcoin has already started climbing again, reaching around $97,000, and many altcoins are turning green as traders prepare for possible positive news. Although Bitcoin dominance remains high—now above 65%, this could shift soon, opening the door for altcoin season.
Bitcoin is showing signs of recovery, and the price is now approaching a resistance zone between $96,100 and $97,400. If Bitcoin can hold above $95,300, the upward trend could continue, possibly forming a stronger move higher.
So far, the current bounce is looking good, but it’s too early to confirm a full trend reversal. A pullback could still happen, and how the price reacts next will help confirm whether this recovery continues or if more downside is coming.
Bitcoin price is up due to trade policy news, treasury adoption in New Hampshire, and $55M in short liquidations.
Bitcoin is climbing on hopes of a dovish Fed stance and easing U.S.-China trade tensions.
With Bitcoin dominance above 65%, altcoin season hasn’t started yet, but a shift could occur if capital moves into alternative cryptocurrencies.
Bitcoin is once again dominating the crypto conversation, not just in price, but in overall…
Rising Bitcoin dominance has continued to reign havoc across the altcoin market amid global trade…
Despite recent market turbulence pulling XRP prices below $2.2, Ripple's ecosystem continues to defy bearish…
Wall Street experts anticipate the Fed to cut its rate later this year to stimulate…
At the end of its two-day meeting, the Fed's policy group, the Federal Open Market…
The crypto markets are consolidating as all eyes are on the upcoming FOMC. The Bitcoin…