According to QCP (@QCPgroup), while markets are currently pricing in the first Federal Reserve rate cut by July, their analysis suggests a more probable scenario of the cut occurring in September. QCP further notes that expectations for 2025 have shifted from four cuts to just two, signaling a more cautious and measured Fed policy stance. For crypto traders, this signals potential for sustained volatility in Bitcoin and altcoins as interest rate uncertainty persists. The delay in rate cuts could postpone bullish momentum in risk assets, including cryptocurrencies, with market participants likely to adjust positions as new data emerges. (Source: QCPgroup Twitter, May 14, 2025)

According to Michaël van de Poppe (@CryptoMichNL), today marks two major events for traders: the live launch of the ETH Pectra upgrade and the FOMC meeting on monetary policy. The ETH Pectra upgrade is expected to enhance Ethereum's scalability and security, potentially increasing institutional interest and trading volumes (source: @CryptoMichNL). Additionally, the FOMC meeting outcome could lead to significant volatility in both the crypto and traditional markets, as traders react to any changes in interest rate policy (source: @CryptoMichNL). Both events are likely to drive short-term price action in ETH and broader cryptocurrencies.