Bitcoin wallet with full transaction privacy protection|In This ArticleThe Devil Will Be In The Detail When Powell Speaks Today: Hint Of Q3 Rate Cuts Could

Amid the growing conflict in the Middle East and today’s Federal Reserve FOMC meetings, Avalanche crypto has only fallen 2.5% while other major cryptocurrencies are down between 5-10%. The relative strength from AVAX may point to a possible breakout post today’s FOMC announcements.

Many are anticipating that interest rates will be left untouched when Powell speaks at the FOMC later today, with a small group holding out hope that a rate cut is coming, which could truly signal the beginning of this cycle’s bull market.

Happy FOMC day to those who celebrate.

It’s looking like we’re not getting cuts anytime soon. pic.twitter.com/dVLegR0KRL

— Polymarket (@Polymarket) June 18, 2025

The Devil Will Be In The Detail When Powell Speaks Today: Hint Of Q3 Rate Cuts Could Lead To A Breakout For Avalanche Crypto

Interest rates look set to stay the same today, which is what the prediction market platform, Polymarket, also believes. Currently, 99% of bettors have placed their money on ‘no change’ at today’s FOMC.

However, the thing to watch today is Jerome Powell’s speech and whether the Fed Chair hints at a rate cut for September’s Q3 FOMC meetings. If so, this could be the green light for the crypto market and risk assets in general to continue on their bullish trajectory.

Even with ongoing conflict in the Middle East and the US’s involvement looking increasingly likely, Bitcoin has held incredibly strong and refused to drop below $102,000. It is currently trading at $104,700, and there is sure to be more volatility with the Fed meeting in just a few hours.

However, if BTC holds above $100,000, anything other than a rate increase will likely lead to a fresh all-time high for the leading cryptocurrency. Another major digital asset that has held incredibly well in the face of recent volatility is Avalanche crypto.