$BTC traded rangebound between $96K and $97K. As of now, $BTC is trading at $97,035 and $ETH is trading at $1,811. Bitcoin dominance stands at 65.36%, up 12.55% year-to-date.
The Fed left rates unchanged at 4.25%–4.50% as expected and maintained its plan to reduce its balance sheet. During the press conference, Powell stated that inflation expectations have risen, driven mainly by tariffs. The probability of a rate cut in June has decreased following the FOMC meeting (see below).
A few headlines include: Trump said he would not consider lowering the United States' 145% tariffs on China, Movement Labs terminated Rushi Manch, and Robinhood plans to launch a blockchain platform to enable trading of U.S. securities in Europe.
During the last 24 hours, the top three gainers were $KAITO, $MOG, and $EOS, while the top three losers were $OM, $VIRTUAL, and $DEEP.
