{"id":25626,"date":"2025-05-07T16:05:20","date_gmt":"2025-05-07T16:05:20","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25626"},"modified":"2025-05-07T16:05:20","modified_gmt":"2025-05-07T16:05:20","slug":"fomc-decision-today-bitcoin-breaks-97500-while-altcoins-struggle-to-keep-up","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25626","title":{"rendered":"FOMC Decision Today: Bitcoin Breaks $97,500 While Altcoins Struggle to Keep Up"},"content":{"rendered":"<div>\n<p>Markets are holding their breath ahead of the Federal Reserve\u2019s FOMC decision today. <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Crypto<\/a> is no exception.\u00a0 Bitcoin and Ethereum have already started to twitch upwards, reflecting the<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"> broader tension across risk assets<\/a>.<\/p>\n<p>With rate cuts still off the table, crypto investors are unanimously asking: <strong>WTF is this traitorous guy Fed Chair Jerome Powell doing?!? <\/strong>Lower the rates; people\u2019s lives are at stake here (and also my bags).<\/p>\n<p>The common consensus among experts is that failing to cut rates here will be too slow and too late <strong>AGAIN<\/strong>.<\/p>\n<p>He has the chance to fix his mistakes and cut preemptively. He had no problem cutting to help Biden. It seems the lack of rate cuts is pure politics.<\/p>\n<p>Here\u2019s our prediction for the upcoming FOMC decision today:<\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_681b8277bd161\" data-coin-id=\"btc-bitcoin\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n                <img id=\"crypto_chart_681b8277bd161-chart__info-icon-img\">\n            <\/div>\n<div class=\"chart__info-name\" id=\"crypto_chart_681b8277bd161-chart__info-name\">&#8211;<\/div>\n<div class=\"chart__info-label\">Price<\/div>\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_681b8277bd161-chart__info-symbol\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_681b8277bd161-chart__info-price\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_681b8277bd161-chart__info-marketcap\">&#8211;<\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--24h\" id=\"crypto_chart_681b8277bd161-btn-24h\">24h<\/button><br \/>\n                <button class=\"chart__button chart__button--7d\" id=\"crypto_chart_681b8277bd161-btn-7d\">7d<\/button><br \/>\n                <button class=\"chart__button chart__button--30d\" id=\"crypto_chart_681b8277bd161-btn-30d\">30d<\/button><br \/>\n                <button class=\"chart__button chart__button--1y\" id=\"crypto_chart_681b8277bd161-btn-1y\">1y<\/button><br \/>\n                <button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_681b8277bd161-btn-all-time\">All Time<\/button>\n            <\/div>\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--logarithmic\" id=\"crypto_chart_681b8277bd161-btn-log\">Log<\/button>\n            <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n        <canvas class=\"chart__canvas\" id=\"crypto_chart_681b8277bd161-cryptoChart\"><\/canvas>\n    <\/div>\n<\/div>\n<h2>FOMC Decision Today: This Will Happen After Powell Refuses to Cut<\/h2>\n<p>To understand why Powell should cut rates, let\u2019s zoom out and look at the US economy as a whole:<\/p>\n<ul>\n<li>Energy prices down (especially oil)<\/li>\n<li>Inflation gone (2.39%)<\/li>\n<li>J Powell refuses to cut rates anyway, dooming the American economy to endless stagflation, ostensibly, to <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">mess with Trump<\/a>.<\/li>\n<\/ul>\n<p>People should be protesting in the streets.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-235499\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/05\/Screenshot-56.png\" alt=\"\" width=\"710\" height=\"654\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/05\/Screenshot-56.png 710w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/05\/Screenshot-56-300x276.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/05\/Screenshot-56-50x46.png 50w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/05\/Screenshot-56-217x200.png 217w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/05\/Screenshot-56-326x300.png 326w\" sizes=\"auto, (max-width: 710px) 100vw, 710px\"><\/p>\n<p>(<a class=\"general-link\" href=\"https:\/\/x.com\/seth_fin\/status\/1919714474312732724\" target=\"_blank\" rel=\"nofollow noopener nofollow\"><strong>X<\/strong><\/a>)<\/p>\n<p>Cutting rates takes about 12 months to actually affect the economy significantly. Powell absolutely needs to start cutting now, especially as China has just lowered rates 10 points and lowered the bank reserve ratio by 50 points.<\/p>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">Meanwhile, <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">risk assets<\/a> are watching for a crack in the Fed\u2019s posture. A whiff of easing, and crypto could rip.\u00a0 So far FedWatch says no changes yet, but everyone knows it\u2019s not today\u2019s move\u2014it\u2019s the signal that matters.<\/p>\n<h2 class=\"font-bold text-body leading-[24px] pt-[12px] pb-[2px] [&amp;_a]:underline-offset-[6px] [&amp;_.underline]:underline-offset-[6px]\">Bitcoin Edging Higher, Testing Resistance<\/h2>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">Bitcoin\u2019s been bouncing between $93K and $97K all week, hovering near $96,490 on global charts while trading slightly cheaper in India at $94,875.<\/p>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">The next real test sits at $97,900. Break that, and $100K isn\u2019t far off.\u00a0 Support\u2019s holding around $93,700.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcb-BwfuEsz21RNnooYecyYp0E0ZFpOnlcPmFHJ964mG9psUhG75yPlGpyr6jUph-L3Dhht8dlXIgV5_G2M5YRIDBg9Q5HkAzhCDTmuAS8sBe4WXl1EkrO-zZkEwAAM_Z4m9D2QOA?key=zog8XbvuML4u-dhUkxs_f-zZ\" alt=\"\" width=\"1600\" height=\"782\"><\/p>\n<p>(<strong><a class=\"general-link\" href=\"https:\/\/en.cryptonomist.ch\/2025\/05\/07\/how-will-fomc-day-affect-bitcoin-and-altcoins-crypto-predictions\/\" target=\"_blank\" rel=\"nofollow noopener nofollow\">Cryptonomist<\/a><\/strong>)<\/p>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">ETH pushed to $1,830 on Wednesday, not a breakout\u2014but not backing down either. It\u2019s holding the $1,800 line, a level 99Bitcoins traders are watching closely.<\/p>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">Altcoins like Ripple, Chainlink, and Avalanche are moving too, if only slightly. It\u2019s not euphoria but everyone can tell this is the quiet before the storm.<\/p>\n<h2 class=\"font-bold text-body leading-[24px] pt-[12px] pb-[2px] [&amp;_a]:underline-offset-[6px] [&amp;_.underline]:underline-offset-[6px]\">Outlook and What\u2019s Next<\/h2>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">Despite rising tensions in the US economy, the crypto market cap added 1.5%, now touching $2.98 trillion. Still, altcoins are going nowhere fast\u2014sideways trading that could lead to a crash after the FOMC.<\/p>\n<p>The US government feels at odds with itself:<\/p>\n<ul>\n<li>Economic slowdown is coming;<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/95k-dip-bitcoin-slides-after-trump-warns-of-new-tariffs\/\" target=\"_blank\" rel=\"noopener\"> tariff impacts<\/a> are probably just starting to be felt by businesses.<\/li>\n<li>The slowdown will lead to layoffs, which will lead to people pulling money out of stocks\/crypto.<\/li>\n<li>A rate cut would inject much-needed liquidity but it won\u2019t happen<\/li>\n<\/ul>\n<p>Of course, this is the worst-case scenario, but for now, the market is teetering on a cliff.<\/p>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Best Meme Coin ICOs to Invest in 2025<\/a><\/strong><\/p>\n<p><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener nofollow nofollow nofollow nofollow\"><b>Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/b><\/a><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Markets are holding their breath ahead of the Federal Reserve\u2019s FOMC decision today. <a href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\">Crypto<\/a> is no exception.\u00a0    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Cutting rates takes about 12 months to actually affect the economy significantly. Powell absolutely needs to start cutting now.    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/fomc-decision-today-bitcoin-breaks-97500-while-altcoins-struggle-to-keep-up\/\">FOMC Decision Today: Bitcoin Breaks $97,500 While Altcoins Struggle to Keep Up<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Markets are holding their breath ahead of the Federal Reserve\u2019s FOMC decision today. Crypto is no exception.\u00a0 Bitcoin and Ethereum have already started to twitch upwards, reflecting the broader tension across risk assets. With rate cuts still off the table, crypto investors are unanimously asking: WTF is this traitorous guy Fed Chair Jerome Powell doing?!? [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25626","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25626"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25626\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}