According to Cas Abbé (@cas_abbe), the cryptocurrency market is expected to experience significant volatility today due to the upcoming FOMC rate cuts decision at 2PM UTC. While current consensus indicates no rate cuts are anticipated, making the event appear neutral, traders should remain vigilant for unexpected market reactions or related announcements that could impact crypto prices. This event is closely watched as US monetary policy decisions have historically influenced Bitcoin, Ethereum, and other major cryptocurrencies. Source: Twitter (@cas_abbe, May 7, 2025).