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🌙 Crypto Markets Slide Ahead of Fed Meeting

Bitcoin, Ethereum, and other major tokens tumble ahead of Wednesday’s Fed decision amid renewed trade war fears.

Author

Mike Gavela
May 05, 2025

In partnership with

Crypto Roundup - May 5

The cryptocurrency market is under pressure as investors brace for the upcoming Federal Reserve meeting, with fears of interest rate hikes driving a broad sell-off across major assets like Bitcoin and Ethereum. In DeFi, Ethereum-based decentralized exchanges have seen a sharp contraction, with total value locked (TVL) plummeting 88% from their 2021 highs, signaling reduced user engagement and liquidity. Meanwhile, the MOVE token has crashed 50% over the past month, fueled by internal controversy after the project's co-founder was suspended amid allegations of token manipulation involving a third-party market maker.

Top Stories

  • Crypto markets decline ahead of the Federal Reserve meeting as traders fear tighter monetary policy.

  • Ethereum DEX TVL drops 88% from its 2021 peak, highlighting weakening activity in the DeFi space.

  • MOVE token plunges 50% amid co-founder suspension and manipulation allegations.

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TOP STORIES

Crypto Markets Slide Ahead of Fed Meeting - "The Defiant"

Bitcoin, Ethereum, and other major tokens tumble ahead of Wednesday’s Fed decision amid renewed trade war fears.

thedefiant.io/news/markets/crypto-markets-slide-ahead-of-fed-meeting

Ethereum DEX TVL Plunges 88% From 2021 Peak: Token Terminal - "The Defiant"

Once at $44 billion, decentralized exchange liquidity on Ethereum now stands at just $5 billion.

thedefiant.io/news/defi/ethereum-dex-tvl-plunges-88-from-2021-peak-token-terminal

MOVE Falls 50% in a Month Plagued by Controversy and Scandal - "The Defiant"

Ethereum Layer 2 (L2) Movement (MOVE) announced the suspension of its cofounder, Rushi Manche, on May 1, amidst a third-party investigation surrounding governance and a market making scandal.

thedefiant.io/news/markets/move-falls-50-in-a-month-plagued-by-controversy-and-scandal

FUNDRAISING

OTHER HEADLINES

Bitcoin Stumbles as Trump Threatens Tariffs Ahead of Fed Decision - Decrypt

Bitcoin fell below $95,000 after President Donald Trump threatened to impose new tariffs ahead of the Federal Reserve’s policy decision.

decrypt.co/317952/bitcoin-stumbles-as-trump-threatens-tariffs-ahead-of-fed-decision

Trump Meme Coin Falls Alongside Stock of Logistics Firm That's Stockpiling It - Decrypt

A freight logistics firm's stock price declined on Monday. Last week it announced plans to raise $20 million to buy Donald Trump's meme coin.

decrypt.co/317941/trump-coin-falls-alongside-stock-logistics-firm-stockpiling-it

VanEck Seeks SEC Approval to Launch First BNB ETF in US - Decrypt

VanEck's filing for a fund based on Binance Coin (BNB) comes as issuers seek approval for a widening array of altcoin-based ETFs.

decrypt.co/317927/bnb-etf-vaneck-applies-binance-coin-fund

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