The Federal Reserve's Federal Open Market Committee (FOMC) meeting, which concludes on May 1, is among the most anticipated events. Despite lingering concerns about persistent inflation, the Fed is likely to keep its borrowing rate steady between 5.25% and 5.5%.

This decision could signal a continued conservative approach amid economic uncertainty, impacting investor sentiment in the cryptocurrency sector.

On May 2, the US Treasury is set to announce recovery plans for the upcoming quarter, which could offer some relief to markets. After three consecutive quarters of increasing auction sizes, the Treasury plans to hold most auction sizes flat.

Investors are particularly keen on details of the expected debt buyback program and its implications for long-term US financing strategies amid mounting debt concerns. Although there may be increases in specific issues such as 10-year Treasury Inflation Protected Securities (TIPS). Most auctions are expected to remain unchanged, which may affect market liquidity and interest rates.