Will Jerome Powell’s FOMC Speech Trigger Bitcoin’s Next Move?
The post Will Jerome Powell’s FOMC Speech Trigger Bitcoin’s Next Move? appeared on BitcoinEthereumNews.com. Bitcoin (BTC) and the broader crypto market await Wednesday’s FOMC (Federal Open Market Committee) meeting and the subsequent Jerome Powell press conference. The US Federal Reserve (Fed) will announce its latest interest rate decision on Wednesday. Crypto Market on Edge as Bitcoin Awaits FOMC Verdict According to data on the CME FedWatch Tool, market participants assign a 95.6% probability that the Fed will hold rates steady at 4.25% – 4.5%. With this, attention is now squarely focused on Fed Chair Jerome Powell’s tone and guidance at the Wednesday conference. Interest rate probabilities. Source: CME FedWatch Tool “…if the 3.5% [now 4.4%] ends up playing out, the markets will have an insane positive reaction,” wrote Bitcoinsensus. Despite the high likelihood of the Fed keeping interest rates steady, volatility remains a near certainty. Traders have adopted a risk-off stance, with Bitcoin price consolidating in the $94,000 range. Similarly, ETF (exchange-traded fund) inflows are slowing, alongside rising liquidations. Swissblock analysts describe the atmosphere as a “battle” of resistance. They cite negative funding rates and high open interest, suggesting bears are intensifying short positions. “The $97,000–$98,500 range is key. Momentum could trigger short liquidations, pushing BTC up. But beware: a bear trap might flip into a bull trap if conviction fades,” Swissblock warned. Bitcoin Price Analysis. Source: TradingView This week’s FOMC meeting marks a pivotal moment for risk assets. Historical data shows that three of the last five FOMC decisions led to bullish outcomes for Bitcoin. However, this one comes amid heightened uncertainty. The market is still digesting softer GDP prints, ongoing trade war tensions, and inflation worries, particularly in light of Trump’s tariff rhetoric, which has clouded rate-cut expectations for June. “This Wednesday’s May FOMC meeting will result in an interest rate hold but also June expectations have flipped to a hold,” Veteran…
The post Will Jerome Powell’s FOMC Speech Trigger Bitcoin’s Next Move? appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) and the broader crypto market await Wednesday’s FOMC (Federal Open Market Committee) meeting and the subsequent Jerome Powell press conference. The US Federal Reserve (Fed) will announce its latest interest rate decision on Wednesday. Crypto Market on Edge as Bitcoin Awaits FOMC Verdict According to data on the CME FedWatch Tool, market participants assign a 95.6% probability that the Fed will hold rates steady at 4.25% – 4.5%. With this, attention is now squarely focused on Fed Chair Jerome Powell’s tone and guidance at the Wednesday conference. Interest rate probabilities. Source: CME FedWatch Tool “…if the 3.5% [now 4.4%] ends up playing out, the markets will have an insane positive reaction,” wrote Bitcoinsensus. Despite the high likelihood of the Fed keeping interest rates steady, volatility remains a near certainty. Traders have adopted a risk-off stance, with Bitcoin price consolidating in the $94,000 range. Similarly, ETF (exchange-traded fund) inflows are slowing, alongside rising liquidations. Swissblock analysts describe the atmosphere as a “battle” of resistance. They cite negative funding rates and high open interest, suggesting bears are intensifying short positions. “The $97,000–$98,500 range is key. Momentum could trigger short liquidations, pushing BTC up. But beware: a bear trap might flip into a bull trap if conviction fades,” Swissblock warned. Bitcoin Price Analysis. Source: TradingView This week’s FOMC meeting marks a pivotal moment for risk assets. Historical data shows that three of the last five FOMC decisions led to bullish outcomes for Bitcoin. However, this one comes amid heightened uncertainty. The market is still digesting softer GDP prints, ongoing trade war tensions, and inflation worries, particularly in light of Trump’s tariff rhetoric, which has clouded rate-cut expectations for June. “This Wednesday’s May FOMC meeting will result in an interest rate hold but also June expectations have flipped to a hold,” Veteran…
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