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Despite no expectation of interest rate cuts, Wednesday’s FOMC could result in significant crypto market volatility.
Several large caps, including Bitcoin, are facing key S/R tests and Fed Chair Jerome Powell’s press conference could decide the market trajectory for the coming weeks. Several popular meme coins, including Pepe, Popcat and Official Trump, also appear poised for a relief rally, making them some of the best meme coins to buy now.
With President Donald Trump demanding aggressive monetary easing from the central bank, risk assets including altcoins and low-cap cryptos like WEPE could finally see a major bull run.
What To Look Out For In Today’s FOMC?
The CME FedWatch, which tracks the 30-day Fed Funds futures, is showing a 99.5% probability of no rate cuts just hours before today’s FOMC.
In fact, interest rate traders aren’t expecting any monetary easing until June, owing to Chair Powell’s hawkish press conference following December’s FOMC meeting.
Once again, Jerome Powell’s post-FOMC comments could result in significant market volatility, in particular, his remarks on Trump’s demand for “immediate rate cuts”.
Speaking at the World Economic Forum in Davos, Switzerland, Trump cited the reduction in oil and energy prices as his rationale for aggressive monetary easing in the coming months. In another sign of growing tension with the Fed, the President claimed he has a better understanding of monetary policy than the US central bank.
Powell’s response to Trump’s remark—whether hawkish or dovish—could have a major impact on the direction of the crypto market.
For instance, his positive comments could help the Bitcoin price breach the $105k resistance level, paving the way for new all-time highs and potentially, an altseason. A hawkish response, however, could send BTC tumbling to the $95k support, likely resulting in an altcoin bloodbath.
If you are smart, this chart will tell you how long is left in this bull run..$dxy https://t.co/jSbpsd3wWj pic.twitter.com/7AQV1jAUcw
— Oz (@AskCryptoWealth) January 29, 2025Investors would also eye the US Dollar Index (DXY)’s reaction to the FOMC. Experts suggest DXY could see significant weakness in the coming months and Powell’s comment could trigger a downside move, resulting in a broad-based crypto market rally.
Experts Bet On Popcat, Pepe Price Bounce — Best Meme Coins To Buy?
Experts are betting on meme coin rallies ahead of the FOMC.
Prominent trader Muro, who has nearly 400k X followers, claims Donald Trump’s meme coin Official Trump (TRUMP) has likely bottomed out.
GM$TRUMP likely bottomed, I just longed pic.twitter.com/JbbiNf5uSs
— Muro (@MuroCrypto) January 29, 2025Unknown Trader, who has nearly 100k X followers, has also opened a long position on $TRUMP crypto, entering at $27.15 and targeting $35.12.
Unknown is also long on the Solana meme coin Popcat, entering at $0.37 and eyeing up to $0.46.
Meanwhile, crypto trader A.A is seeing signs of a bullish reversal in Pepe as well and has opened a long position on the meme coin.
Whether or not Pepe, Popcat and TRUMP are among the best meme coins to buy now for spot traders will likely depend upon the FOMC.
Low-Cap Meme Coins Also In High Demand – Are 100x Returns Possible?
Donald Trump is demanding aggressive rate cuts and the US Dollar Index appears poised for a bearish breakdown. It is, therefore, no surprise that risk assets including low-cap cryptos are in high demand.
As such, low-cap meme coins continue to deliver 10x to 100x returns, despite the broader market uncertainty. For instance, an early $ALPHA buyer turned his $340 investment into $1.15 million in just 4 days.
$341 to over $1M $Alpha https://t.co/qi5TRyD48B pic.twitter.com/VZygE3y1Vj
— Kakashi (@kkashi_yt) January 28, 2025Smart money investors are making a similar bet on Wall Street Pepe (WEPE). One whale purchased over $460k worth of the meme coin in two separate transactions just last week.
The WEPE presale has raised nearly $64 million and is adding over $1 million daily, especially with the ICO ending on February 16th.
WEPE isn’t just a Pepe copycat. Rather, its key selling point is community intelligence. The meme coin is launching an exclusive group comprising all token holders, who will receive regular market alpha, trading setups and tips on the best meme coins to buy. This could be all investors need to earn big in the upcoming bull market.
Smart money investors are bullish on Wall Street Pepe’s prospects, with the early buyers eyeing up to 100x returns.
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