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Traders brace for this week's Fed Rate decision and a weakening dollar could boost Bitcoin.

It's Tuesday, May 6, 2025.

I'm Christine Lee.

This is Coiness Daily.

Bitcoin prices remain stable above $94,000, while other cryptocurrencies like Etherrault

experience slight declines.

Cardano's ADA and XRP led losses among major cryptocurrencies as traders anticipate the Federal

Reserve's decision on interest rates this week, which investors have described as a coin flip.

Traders on decentralized exchange derived.xYZ seem more cautious and worried about downside risks,

purchasing puts at $82,000, $78,000 and $76,000 strikes likely due to concerns that Wednesday's

Federal Reserve Board meeting could lead to no rate cuts or worse, hikes, according to Derive

XYZ's head of research. On the other hand, broad-based U.S. dollar weakness

...