Bitcoin Slips Below $94K As Traders Brace For Powell’s Fed Comments
Posted On May 6, 2025
Bitcoin (BTC) is trading slightly lower on Tuesday, down 0.6% to $93,931, extending a slow decline that has seen the leading cryptocurrency fall 1% over the past week. Still, Bitcoin is up 14.14% over the past month, buoyed by institutional inflows and persistent demand for safe-haven assets amid macro uncertainty.
Tuesday’s trading reflects a more cautious tone, though. As markets await Federal Reserve Chair Jerome Powell’s post-FOMC comments on Wednesday, data from the options market suggests that traders are seeking downside protection—though not in a panic.
Don’t Miss:
- Trade crypto futures on Plus500 with up to $200 in bonuses — no wallets, just price speculation and free paper trading to practice different strategies.
- New to trading crypto? Get up to $400 in rewards for successfully completing short educational courses and placing your first qualifying trade on Coinbase.
“We have …
About The Author
