May's Defining Crypto Market Moments: Fed's Moves and SEC Decisions
May is set to bring critical events that may shape the direction of Bitcoin and cryptocurrency markets, including regulatory decisions and economic data releases.
May 9, 2024
Impactful Events
May heralds a series of pivotal events that stand to significantly impact the course of Bitcoin and the wider cryptocurrency market. From important regulatory decisions to key economic indicators, these upcoming occurrences have the potential to markedly shift market sentiments.
Regulatory and Economic Insights
The focus is on a key meeting led by Federal Reserve Chair Jerome Powell, his press conference today, and its ramifications amid a backdrop of economic uncertainty. The subsequent US Consumer Price Index (CPI) release, coupled with the SEC's decision on Spot Ethereum ETFs, also promises substantial influence on the market.
Market Reactions and Predictions
Recent downturns in Bitcoin prices and the subsequent market liquidations underscore the volatile nature of the crypto market. Financial analyst Peter Brandt offers insights into Bitcoin's future trajectory, suggesting further declines may be imminent before any bullish resurgence.
Subscribe to get the latest Crypto Updates
Sign up to receive regular updates packed with exciting news and exclusive insights into upcoming crypto projects.