According to The Kobeissi Letter, US equity market futures experienced a notable decline as traders positioned themselves ahead of anticipated trade deal progress and the upcoming Federal Reserve decision scheduled for Wednesday (Source: @KobeissiLetter, May 5, 2025). This heightened volatility signals caution for crypto and traditional market participants, as both asset classes often react to major macroeconomic events and central bank policy shifts. Traders are closely monitoring equity futures for potential spillover effects into Bitcoin, Ethereum, and other digital assets, with risk sentiment expected to remain elevated until clarity emerges from the Fed and trade negotiations.