According to Crypto Rover, the Bank of England has lowered its interest rate to 4.25% as of May 8, 2025 (source: Crypto Rover on Twitter). This move signals a shift toward monetary easing, which historically increases liquidity and can drive up demand for risk assets like Bitcoin and Ethereum. With market expectations rising for the US Federal Reserve to follow suit, traders should closely monitor potential volatility in crypto prices as global rates trend downward. Lower rates often weaken fiat currencies, possibly strengthening the case for digital assets as alternative stores of value (source: Crypto Rover on Twitter).

According to @GreeksLive, the upcoming Lunar New Year will temporarily reduce the influence of Chinese-speaking clients on the cryptocurrency market. Key macroeconomic data will be released, and central banks including the Fed and ECB are set to announce interest rate resolutions, which are crucial for traders to monitor as they may impact Bitcoin volatility.