Powell’s Mic, Market’s Move: Crypto Market awaits the FOMC Thunder!

Dear Readers,
The global crypto markets was keen to move on the FOMC meeting outcomes today. Trump is pressurize FED Chairman Powell to make a rate cut.
The US President Trump has more than once batted for a rate cut in his press conferences.
He also directly urged the FED Chairman to make a rate cut also. 
As the FOMC meeting is over by now from July 29-30, all are expecting the FOMC press conference by Jerome Powell by 2 pm ES time. 
His speech and the remarks are the driving factor for the market to move either ways.
So stay and watch his speech late today!
Crypto markets are also at a deep silence which expects heavily on the FED Chairman's speech.
While the larger audience and the polls hint that the interest rates would remain unchanged this time too.
But if anything happens with the rate cut that would please the white house, the markets would also get some pumping as well. 
The Current Market
At the time of writing this article, the global crypto marketcap stands at 3.88Trillion, a marginal lower of 0.7%.
BTC is trading at 118209 USD while ETH is at 3815 USD.
After months of accumulation, long-term BTC holders (LTHs) have started to reduce their positions, turning net negative, right at the BTC’s $120K mark, a key psychological and technical resistance in the BTC Chart. 
ETH has broken below its rising trend channel — signalling a potential slowdown or sideways move. Yet, momentum remains strong. RSI is greater than 70 shows bullish strength but it also hints at overbought conditions.
More ETFs.. More Adaptations:
On the other hand, as more and more ETF applications are under processing.
Following with BTC and ETH, Cardano's ETF is underway for the approval process. 
Cardano (AXA) is trading at 0.9977 USD at 10th rank in the coinmarketcap. 
We also expect the Trone's ETS is also in the pipeline. 
Tron (TRX) is trading at 0.3362 USD and it positioned at 9th place in the coinmarketcap rankings.
And also the BlackRock’s proposal to add staking to its spot #ETHETF with SEC's review is a widely expected move that could reshape institutional crypto investing.
More and more approval of ETFs are good for the global acceptance of the cryptos and more money would be pumped into the crypto space globally which is good for the investors.