Federal Reserve Decision: Crypto Market Awaits

The Federal Reserve's upcoming interest rate decision is expected to have a significant impact on the cryptocurrency market, with a high likelihood of rates remaining unchanged in June. Market participants are closely monitoring CME's FedWatch data, which indicates a 97.4% probability that the Federal Open Market Committee will maintain current rates. Crypto analyst Michaël van de Poppe highlights that recent price recoveries in Bitcoin and Ethereum suggest renewed bullish momentum. Historically, periods of rate stability or cuts have corresponded with increased liquidity and positive price movements in risk assets, including cryptocurrencies. The current environment suggests that traders are positioning themselves for potential volatility, but the prevailing sentiment leans towards steady market conditions in the near term.