Several major economic events this week could directly impact crypto prices, with the main focus on how the Fed plays out its scenario.

The most critical event is Thursday’s interest rate decision. Right now, the market is basically betting on a 25 basis point rate cut, with an 87% probability. The key issue is what Powell says after the cut—if he hints that more easing is on the way, expectations of a weaker dollar will rise, and funds will definitely flow into “inflation-resistant assets” like Bitcoin and Ethereum. In that case, prices are likely to rebound instantly, and even a surge to $95,000 is possible.

But if they cut rates and then turn hawkish—emphasizing the need to keep an eye on inflation or pausing further rate cuts—then things get awkward. Liquidity won’t be as loose as expected, and the crypto market will probably pump and then dump, with sharp volatility and shakeouts inevitable. As for not cutting rates at all? The odds are so low they’re almost negligible, but if it does happen, expect a crash.

Short-term volatility will definitely be intense, and market turbulence before and after the decision is routine at this point. However, as long as the expected rate cut goes through, long-term liquidity support remains. If Powell doesn’t throw cold water in his speech, Bitcoin holding above $90,000 shouldn’t be a problem, and altcoins should be able to catch their breath as well.