The U.S. Federal Reserve (Fed) has commenced its two-day FOMC meeting, and while markets anticipate no immediate interest rate adjustment, the true driver of cryptocurrency market movements might lie in Chairman Jerome Powell’s speech. A 99% probability suggests the Fed will maintain current interest rates between 4.25% and 4.50%. The crypto world remains on edge as Bitcoin trades within a tight range between $92,000 and $97,000, anticipating Powell’s remarks. Despite market anticipation of the Fed’s actions being priced in, the tone of Powell’s address regarding inflation, growth prospects, and future rate cuts will likely dictate whether cryptocurrency markets experience an upturn or a downturn.