The cryptocurrency market is currently experiencing a period of calm ahead of the Federal Open Markets Committee's (FOMC) decision, which is expected to have a significant impact on interest rates.
Markets are anticipating a 22% likelihood of a rate cut in June, according to the CME FedWatch tool. This could potentially lead to increased economic growth and higher inflation, but it may also negatively affect the cryptocurrency market.
The U.S. Securities and Exchange Commission (SEC) has clarified the classification of cryptocurrencies as securities, providing greater clarity for investors and market participants.