The cryptocurrency market is bracing itself for a major shake-up with the Federal Reserve’s imminent decision on interest rates, potentially driving substantial price swings. This anticipated announcement alongside Jerome Powell’s press conference will have traders analyzing potential shifts in economic trajectories. Bitcoin displays daily volatility of around 2.56%, translating to possible price movements of roughly $2,470 at its current price point of $96,500. Other cryptocurrencies are experiencing similar turbulence, hinting at accelerated market activity within the next day. The influence of this event is palpable across a range of crypto assets including Ethereum, Solana and XRP.