Crypto news

Federal Reserve Freezes Rates—Bitcoin Faints, Wall Street Nervous, Whales Start Belly-Flopping

BBG News
  • Wall Street experts: “Rate cuts incoming! Buy stocks, buy land, buy…the Brooklyn Bridge?” 🗽💸
  • Bitcoin soars, institutional investors pile in—because nothing says ‘stability’ like crypto FOMO! 🚀🤡

The Federal Reserve left its lending rate at 4.25–4.5% on Wednesday, May 7, which is considered “unchanged” and not even spicy enough for mild salsa. Meanwhile, President Trump turned up the heat like a deli customer unhappy with his pastrami, but the Fed said, “Fuggedaboutit!” They’re juggling unemployment, inflation, and international trade wars in a performance that makes Cirque du Soleil look like amateur hour.

The Fed also announced it’s slimming down on its Treasury security diet with some Quantitative Tightening—think Slim-Fast, but for central banks. But hey, if things get messy, they’ll act “appropriately.” That’s Federal Reserve speak for: “We’ll panic later and hope for the best.”

Midterm Expectations for Bitcoin Price (Or: ‘Will It Moon or Just Trip Over Its Own Feet?’)

Word on the crypto street is: after the Fed’s non-event, Bitcoin ticked above $97k faster than someone could yell “Pump it!”—only to tumble to a modest $96,156. Not exactly the rags-to-riches story your cousin Gary from Queens is hoping for.

Our technical analysis department (a.k.a. two guys and a dog) report: Bitcoin’s looking bearish—no, not grizzly, just mildly irritated. After two failed attempts to break $97.6k, it’s flirting with $93,685 like your uncle Louie at the family wedding.

On the four-hour chart (don’t blink or you’ll miss it), Bitcoin’s boxed in between $93,685 and $97k. If it slips below $93.6k, buckle up, because the express train down to $91k will depart—no refunds! On the flip side, if Bitcoin manages to hang on and closes above $97k, you might actually get that $100k party the Twitter people keep promising (bring your own snacks).

Closer Look at Whale Activity (Where Even Moby Dick Buys the Dip)

If you want to understand Bitcoin’s whale shenanigans, look at the U.S. spot BTC ETF market—because who doesn’t love alphabet soup? Last three weeks: cash trickling in, but not flooding—let’s call it financial drizzle. Still, the big dogs at BlackRock’s IBIT and their buddies are stacking sats like they’re hoarding toilet paper in 2020.

Bottom line: Bitcoin’s future may zig, may zag, might even mambo. With global money pumping and the institutional whales splashing around, expect price moves that’ll make the golf market jealous. (Yes, apparently golf has price action. Who knew?) 🐳⛳️💥

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2025-05-07 23:25

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