According to Crypto Rover, Jerome Powell is scheduled to speak today at 1 PM ET, and if he mentions quantitative easing (QE) or potential interest rate cuts, significant volatility is expected across both traditional and cryptocurrency markets. Traders should closely monitor the Federal Reserve Chair's comments for any references to monetary policy changes, as past announcements of QE or rate cuts have historically led to sharp price movements in Bitcoin and altcoins. Immediate reactions in crypto prices are likely if dovish signals are given, offering potential trading opportunities for both long and short positions (source: Crypto Rover via Twitter, June 2, 2025).

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).