The crypto market is preparing for a momentous week with critical events that could determine the policy direction of the US Federal Reserve. This week's focus will be on the FOMC interest rate decision, Jerome Powell's press conference, and US jobs data. These developments are being watched with great care as they may affect the Fed's interest rate cut plans.

FOMC Interest Rate Decision and Powell's Statements

The crypto market is eagerly awaiting the upcoming FOMC meeting. Investors are looking for clues about the Fed's rate cut. While the market expects the central bank to keep interest rates steady at this meeting, there is increasing speculation about the possibility of three interest rate cuts in 2024. According to the CME FedWatch Tool, the probability of a 25 basis point rate cut being announced in September is evaluated as 89%. Additionally, the recent cooling of inflation data increases expectations for further interest rate cuts in November and December.

The speech to be made by Federal Reserve Chairman Jerome Powell is also of great importance. Powell's statements could have a decisive impact on the market; While dovish-toned comments can encourage a market rally, hawkish-toned statements can curb market enthusiasm. Both the cryptocurrency market and the overall financial sector will follow Powell's predictions closely and will be analyzed carefully as they could significantly impact market dynamics.

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So who will benefit?

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I EXPLAIN IN DETAIL.

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Enter the Futures Section from your application,

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WHEN WILL THE AWARD COME?

Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.

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