Will Powell’s Speech Send Bitcoin to the Moon or Plunge It into Oblivion? Find Out!

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The Federal Reserve’s FOMC meeting on May 7, 2025, is basically the Super Bowl for crypto investors. Why? Because we’ve got interest rates, Powell’s speech, and the market shaking in its boots. Stay tuned, folks, this is gonna be juicy. 🍿

After a nice little vacation from those brutal interest rate hikes in 2022-2023, the Fed started cutting rates in late 2024, landing us at a cozy 4.25%-4.50%. Now, with a 94% chance they’ll keep things steady, investors are staring at their screens like it’s the season finale of their favorite show.

Here’s the kicker: even though job numbers are looking pretty solid, inflation is still hanging around like that one friend who never knows when to leave. Experts are saying more rate cuts could happen later in 2025, but the Fed is basically keeping us all guessing. 🕵️‍♀️

Brace Yourself for Powell’s Speech

Market analyst King Baldwin took to X (yeah, we’re still calling it that) to share his pre-FOMC thoughts. According to him, the odds of no change in interest rates are sky-high. But if Powell goes full hawk mode, Bitcoin could drop like it just read a bad Yelp review, hitting a support zone around $91,500–$92,000.

If Jerome Powell Jerome Powell
signals he’s ready to cut rates, though? Oh boy, Bitcoin might just make a run for the $100,000 mark. That’s right, folks. Baldwin is keeping an eye on Core PCE inflation at 2.6% and the looming 60% chance of a recession. So yeah, not much clarity in sight.

All eyes are glued to Powell’s press conference, hoping for a sneak peek at a June rate cut. Will he deliver the goods? Or will we all be left hanging? 🤷‍♂️

Don’t Hold Your Breath for a Rate Cut, Says Michaël van de Poppe

Crypto analyst Michaël van de Poppe, ever the realist, says don’t even think about a rate cut this time. Inflation’s still being a pain, so the Fed’s probably not in a hurry to pull the trigger. A surprise rate cut? That would be like seeing a unicorn riding a rainbow. 🌈

And then there’s Donald Trump Donald Trump
pushing for rate cuts like they’re the best thing since sliced bread. But the Fed’s probably not gonna buckle under political pressure. Shocking, right?

The Crypto Market: Holding Its Breath for Powell

With Trump’s drama about trade and monetary policy stirring the pot, the Fed’s independence is getting more attention than ever. Meanwhile, fiat is wobbling, and Bitcoin is looking like that one friend who just might bail you out of a bad situation. 🍕

As Powell’s speech looms on May 7, both the traditional and crypto markets are bracing for some serious turbulence. Analysts are basically telling traders to keep their hands off the leverage button and prepare for a bumpy ride. 🎢

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2025-05-06 08:39