Fed Holds Rates Steady: BTC Surges to 76K, Warsh Candidate
BTC/USDT
$13,245,784,922.09
$76,669.14 / $75,323.65
Change: $1,345.49 (1.79%)
-0.0002%
Shorts pay
Contents
The Federal Reserve kept the benchmark interest rate steady in the %3,5-3,75 band for the third time this year as Middle East conflicts pushed up energy costs. During the FOMC meeting, Jerome Powell's last session took place, and the decision briefly brought BTC close to 75.100 dollars and ETH to 2.240 dollars; post-announcement drops of %1,4 and %2,3 occurred. According to current data, BTC recovered to 76.318,41 dollars, rising +1,35% in 24 hours.
Fed Decision's Impact on BTC and ETH
The Fed's cautious stance emphasized inflation uncertainty, pressuring risky assets. Traders expect steady rates until December according to CME FedWatch. BTC RSI at 55,86 is neutral, trend sideways but Supertrend giving bearish signal. EMA 20: 75.545$. This stance led to short-term fluctuations; the sector is revising strategies. Click for detailed BTC analysis.
Kevin Warsh Fed Chair Candidate: Crypto Connections
The Senate Banking Committee advanced Kevin Warsh's candidacy to the full Senate. Warsh, with a 100 million dollar fortune and investments in Solana and Polymarket, views BTC positively. Powell investigation closed, Tillis veto lifted. If not approved by May 15, he could serve as interim chair. This change could trigger crypto-friendly policies. SOL detailed analysis.
Middle East Conflicts and Energy Prices
Ship traffic in the Strait of Hormuz hit oil; US gasoline price at 4,22$ per gallon (%6,2 monthly rise, 2,99$ at conflict start). This complicates lowering inflation to the %2 target. The Fed's stance deprives assets like stocks and crypto of cheap borrowing.
BTC Technical Levels Table
| Level | Price ($) | Score | Distance | Sources |
|---|---|---|---|---|
| Support S1 | 75.703,69 | 86/100 ⭐ | -0,93% | BB Middle, SMA 20 |
| Support S2 | 71.952,16 | 77/100 ⭐ | -5,84% | BB Lower |
| Resistance R1 | 79.422,79 | 86/100 ⭐ | +3,94% | Fibo 0.618 |
| Resistance R2 | 77.553,18 | 64/100 ⭐ | +1,49% | R2, LVN 3 |
Even though Supertrend is bearish, S1 is strong support. ETH and SOL also affected by Fed pressure.
New Developments: Coinbase MegaETH Listing and META Stablecoin
Coinbase International listed MegaETH (MEGA) futures; liquidity increase expected. META launched Solana and Polygon-based stablecoin payments for creators using Stripe. This strengthens the crypto ecosystem amid Fed uncertainty. BTC futures.
Risk and Strategy for BTC Investors
In the committee, Miran wanted a 25 bp cut while three governors rejected the easing signal. Energy costliness is fueling inflation. Investors should watch S1 support; if R1 breaks, prepare for rally. As uncertainty deepens, long-term BTC holding is recommended.