Fed Board Meeting Today As Trump Calls For Rate Cuts: Is The Bottom In For Crypto Prices?

The U.S. Federal Reserve has scheduled a closed-door meeting of its Board of Governors for 11:30 AM ET today.

The Board will review the advance and discount rates to be charged by the Federal Reserve Banks—a measure used to inject liquidity into the markets.

Amid a sharp global market sell-off and growing pressure from President Donald Trump for aggressive rate cuts, today’s board meeting has sparked speculation that the Federal Reserve may be preparing a swift policy response.

With Bitcoin and major altcoins hovering at key support levels, an emergency rate cut by the Fed could signal a potential bottom for the crypto market and pave the way for bullish tailwinds. 

Is The Federal Reserve Planning An Emergency Cut?

The global financial markets are in meltdown, with major US stock indices already in the bear market territory. 

Major Asian stock markets, including Hong Kong, Japan and Taiwan, saw double-digit declines — their worst single-day performance in several years. Even China’s stock market saw the worst single-day drop since the 2008 financial crisis. 

After temporary resilience, the crypto market fell prey to the broader market uncertainty as well. The Bitcoin price fell below $75,000, while altcoins like Ethereum, Solana and XRP are down nearly 20%. 

As even his supporters turn critical of his steep tariffs, Donald Trump continues to pass the buck to the Federal Reserve. Taking to Truth Social, he cited the falling oil and food prices as evidence of the dwindling inflation and asked the Fed to cut rates. 

While Fed Chair Jerome Powell didn’t appear to be in any rush to change the central bank’s monetary policy last week, the Black Monday sell-off could force his hands. 

Data from the CME FedWatch Tool shows that interest rate traders are now pricing in four rate cuts in 2025—significantly higher than the earlier consensus, which anticipated just one. 

Earlier today, the odds of a rate cut at the May FOMC meeting surged past 50%. However, with that meeting still a month away, U.S. equities may require more immediate support from the Fed to avoid slipping into a recession.

Toda’s board meeting could allow the central bank that opportunity. An adjustment to the discount rate, while keeping the Federal Funds Rate steady until the May FOMC, could offer just enough support to the financial markets. 

Is The Bottom In For Crypto?

Typically, the market reacts poorly to interest rate cuts. However, prominent analysts believe this time could be different. 

Analyst Blokchainedbb reveals that Bitcoin is at its quarterly fair value gap and its previous S/R flip zone. Considering the strong support, an emergency rate cut could mean that the bottom is in for BTC. 

It would also allow the Bitcoin price to close above its 50-week simple and exponential moving averages — two key support levels in a bear market. BTC has never sustainably closed below these levels since March 2023. 

Best Cryptos To Buy Now

Emergency action by the Federal Reserve historically marks a bottom for markets after macro-led crashes. Sidelined investors may finally have an excellent buying opportunity on their hands. 

If the Bitcoin price manages to flip its 50-week simple and exponential moving averages, it would be at the top of the best cryptos to buy lists for most experts. 

Ethereum is also approaching a major support level. An emergency action from the Federal Reserve could mean a strong bounce back for the altcoin as well as for beta plays like Pepe and Brett. 

Smart money investors are also eyeing alternative ways to buy Bitcoin. For instance, a new meme coin, BTC Bull (BTCBULL), which offers free BTC airdrops to its holders at certain set milestones, is in high demand. 

Owing to its unique value proposition, early BTCBULL buyers are eyeing up to 100x returns from it. 

Similarly, presale crypto assets are in high demand, considering they are available at fixed prices and shield investors from the broader market uncertainty. 

A prominent Solana Layer-2 coin Solaxy (SOLX) has raised nearly $30 million in its ICO. Yet, experts believe it is undervalued, considering that the top Ethereum and Bitcoin L2s have multibillion-dollar valuations. 

Some prominent analysts have even called it the next 10x crypto.