Jerome Powell may be stepping to the podium for the last time as Federal Reserve Chair, and the crypto market is waiting for the FOMC meeting results. Bitcoin sits at the $77,000 level, consolidating in a tight range that could break sharply depending on what Powell signals this afternoon. It is not just about rates anymore, but about who controls monetary policy next.
Fed policymakers are widely expected to hold rates steady between 3.50% and 3.75% at today’s meeting. Officials may soften labor market language and offer signals on whether Iran-related geopolitical tension could feed pass-through inflation.
Rate Expectation, CME
Meanwhile, a Senate panel is advancing Kevin Warsh’s nomination as Fed chair, making Powell’s afternoon press conference likely his final one at the helm. Markets have been pricing this transition for weeks because a leadership change at the Fed is not a small thing for risk assets.
Crypto absorbed $230 million in liquidations in the last 24 hours, led by Bitcoin with $65 million. The setup heading into Powell’s presser is cautious, with institutional demand holding the floor.
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Can Bitcoin Break $80,000 After the Powell last FOMC Decision?
Bitcoin is consolidating near $77,000 after touching a 10-week high above $79,000. The range is tight. Sellers are concentrated between $78,000 and $79,000, creating a ceiling that has capped every recent breakout attempt. Support holds at $74,500, a level to watch if macro sentiment sours.
The bullish case is genuinely compelling. Nine consecutive days of ETF inflows totaling $2.12 billion, three straight weeks of $1 billion-plus crypto fund inflows, and exchange reserves near record lows all point to structural buying pressure beneath the surface. Michael Saylor’s Strategy has already financed 77,000 BTC acquisitions year-to-date through its STRC preferred stock, now at $8.5 billion notional value. Institutional hands are not shaking.
If Powell strikes a dovish tone this FOMC meeting, followed by Warsh’s nomination proceeding smoothly, Bitcoin could clear $80,000, with analysts flagging $84,000 as the technical breakout target. However, rates would likely hold, and language stays neutral, and Bitcoin grinds sideways between $76,000 and $79,000 while the market waits for clarity on Warsh’s policy direction.
THIS IS INTERESTING
Pro Bitcoin Kevin Warsh may become the next Fed Chair by May 2026.
Here’s what happened to $BTC around past Fed leadership changes:
– Jan 2014: Yellen took over. Bitcoin dropped -82.77%.
– Feb 2018: Powell became Chair. Bitcoin dropped -73.89%.
– May… pic.twitter.com/l2JxN7nEZS
— Ash Crypto (@AshCrypto) April 27, 2026
A Fed chair transition historically injects volatility into risk assets, and Bitcoin, whatever its critics say, remains a macro-sensitive instrument in 2025.
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