Bitcoin's Fate Hangs on Fed's Next Move: Predictions and Analysis.

Bitcoin's recent rally may stall if Federal Reserve Chair Jerome Powell does not signal a pause to the tightening cycle during Wednesday's interest rate decision announcement and post-meeting press conference. Traders expect the central bank to raise rates one final time by 25 basis points to the 5%-5.25% range, ending the tightening cycle that roiled cryptocurrencies last year. The lack of conviction from Powell in signaling the pivot may disappoint markets, triggering a recovery in the greenback, which has historically been bearish for bitcoin.