Bitcoin up or down today? BTC remains above $97K after Fed's interest rate decision

• Fed keeps interest rates stable and Bitcoin reacts positively
• Inflation slows and BTC rises with tariff tension
• Fed decision boosts interest in cryptocurrencies

The Federal Reserve left its benchmark interest rate unchanged at 4,25% to 4,5%, as widely expected by markets. The decision marks the fourth consecutive meeting in which the monetary authority has opted not to make adjustments, even under strong pressure from former President Donald Trump to cut rates to boost the economy.

In an official statement, the Fed highlighted the continued economic expansion, even amid “high uncertainties,” noting that any future changes will depend on the analysis of upcoming data. The institution expressed caution regarding the potential impact of trade tariffs imposed by Trump, which could put pressure on inflation and reduce domestic consumption growth.

Shortly after the announcement, Bitcoin appreciated and began trading at around US$97.300, up 1% in the last hour. In the last week, the asset has accumulated gains of approximately 22%, according to data. The advance of the main cryptocurrency occurs at a time of investor anticipation regarding monetary policy and its effects on assets considered alternative stores of value.

During a press conference, Fed Chairman Jerome Powell said: “The tariff increases announced to date have been significantly larger than anticipated. All of these policies are still evolving, however, and their effects on the economy remain highly uncertain.”

Is Bitcoin up or down today?

While some analysts are projecting a continued advance for Bitcoin, others are taking a more cautious view. According to an analysis published by CryptoELLITES, BTC is expected to continue its upward trajectory in the coming weeks and possibly reach the $180 mark by November 1.

2025 November 1 Bitcoin: $180.000 $Btc # Bitcoin pic.twitter.com/Zzh5nJFYmn

— @CryptoELlTES (@CryptooELITES) May 7, 2025

On the other hand, a more conservative reading was shared by trader Block_Diversity on the X platform (formerly Twitter). On his chart, he highlights the $97.500 region as a possible double top — a technical formation with a bearish bias.

According to the analyst, “$BTC is all good with $BTC and as expected. $97500 is the double top now, which is a bearish structure. $BTC needs to reverse it to stop the gap down on CME.”