• Bitcoin holds near $95K ahead of key data
• Fed decides on interest rates Wednesday
• Crypto traders in wait-and-see mode

Orange token had an uneventful weekend with both days in the red after Friday’s jobs data helped lift prices to a 10-week high of $98,000.

📌 Bitcoin Prices Hover Near $95,000

• Bitcoin BTCUSD was treading water early Monday, trading just below $95,000 after a quiet weekend that saw the world’s largest cryptocurrency give up some gains made following Friday’s upbeat US jobs report.
• The orange token touched a 10-week high of $98,000 post-NFP before slipping back as traders shifted their focus to the next big macro event: the Federal Reserve’s interest rate decision.

🔥 Fed’s Interest Rate Decision Coming

• It’s shaping up to be a pivotal week not just for crypto, but for every corner of the market. The Fed’s two-day policy meeting kicks off Tuesday, and while no change in rates is expected, all eyes will be on Fed Chair Jay Powell’s tone. Will he hint that a rate cut is closer than we think, or stick to the hawkish script?
• Markets are also curious to see what Jay Powell does about Donald Trump’s attacks against him. On Friday, Trump once again urged the Fed to lower interest rates because the economy was in good shape and there was no need to keep borrowing costs where they are. Could Powell buckle under the pressure?

💎 No Fireworks Just Yet

• Back to Bitcoin, over the weekend, the OG crypto saw bears chip away at its prices — minor losses, but enough to keep price action below the psychological $100,000 barrier that bulls have been itching to reclaim since early February.
• The relative calm is a stark contrast to last week’s rollercoaster, driven by political headlines, tariff rumors, and a volatile nonfarm payrolls print.
• Bitcoin remains up roughly 1.5% in May as momentum has slowed substantially. Volume is thinning out slightly, and traders appear to be in wait-and-see mode. That’s typical ahead of big central bank announcements, especially when crypto is now so intertwined with broader macro flows.

Source: Tradingview