Jerome Powell’s Speech: Will the Crypto Market Rally or Crash?

Updated

May 7, 2025

Gambar Jerome Powell’s Speech: Will the Crypto Market Rally or Crash?

Jakarta, Pintu News – The crypto market is on edge ahead of Jerome Powell’s highly anticipated speech. With the market in a state of uncertainty, this speech is considered a crucial moment that could significantly change the direction of the crypto market.

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Time and Place to Watch Jerome Powell’s Speech

fed decision probabilities — Source: Polymarket

Jerome Powell’s speech is an important part of the United States Federal Open Market Committee (FOMC) meeting, which is scheduled to take place right after the meeting ends at 2:00 PM.

This meeting is the third for the FOMC under Powell’s leadership. The speech is highly anticipated as it will provide clues on US interest rate policy which could potentially affect global financial markets, including crypto markets.

The opportunity to watch this speech is available through various streaming platforms that provide direct access to FOMC activities. This provides an opportunity for investors and market analysts to get information directly from the source.

Also read: XRP Price Today May 7, 2025: Showing Signs of Strength, Can it Survive at $2?

Expectations from Jerome Powell’s Speech and FOMC Meeting

🚨 FOMC Meeting (May 7,2025) is knocking and everyone just can't for Powell's speech.

My outlook ahead of the Meeting:

> Rate Decision Outlook: 94% chance of no change to the 4.25%–4.50% federal funds rate (CME FedWatch Tool). Hawkish Fed stance may pressure crypto prices.

>… pic.twitter.com/20XFJbUDm8
— King Baldwin (@CryptoBaldwinIV) May 5, 2025

Ahead of the speech, there were mixed speculations regarding the interest rate decision. Bank of America predicts four rate cuts by 2025, while Goldman Sachs forecasts three cuts of 0.25%.

However, the likelihood of a rate cut in May seems small, with Polymarket reporting only a 2% chance of a cut and 98% chance of no change.

With reports of a strong US labor market, adding 177,000 jobs in April, and inflation under control, it is expected that Jerome Powell will announce a fixed rate between 4.25%-4.50%. This could provide some much-needed stability to a crypto market that is currently experiencing high volatility.

Also read: 3 Altcoins That Surged Over 100% Following Donald Trump’s ‘Liberation Day’

Crypto Market Outlook: Rally or Crash?

With uncertainty still hanging over the Fed’s interest rate decision, crypto markets today experienced high volatility. The price of Bitcoin and other cryptocurrencies showed a decline, signaling a fearful investor sentiment. The decision to be announced by Jerome Powell is highly anticipated and could determine the next direction of the market.

According to analyst Baldwin, crypto assets could experience significant volatility if interest rates remain unchanged. Baldwin advises investors to remain vigilant and pay attention to the key support levels of Bitcoin (BTC) price in the range of $91,500-$92,000.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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