The crypto market is entering a month where many different events are going to take place. Investors worldwide brace for a series of these events. This includes the FOMC meeting, the Bank of Japan meeting, the U.S. consumer price index report release, and the U.S. producer price index report release.

Crypto Market Watch : Upcoming Key Events ✨

📅 May 7: 𝙁𝙊𝙈𝘾 𝙈𝙚𝙚𝙩𝙞𝙣𝙜 – Unveiling the new interest rate decision
🇯🇵 May 8: 𝘽𝙤𝙅 𝙈𝙞𝙣𝙪𝙩𝙚𝙨 – Insight into Japan’s policy stance and yen's stability
📊 May 13: 𝙐𝙎 𝘾𝙋𝙄 – Update on upcoming consumer inflation
📈…

— Bitget (@bitgetglobal) May 6, 2025

These event updates were shared in one of the latest X posts by Bitget, which is the world’s leading crypto exchange and Web3 company. The post mentioned, “Crypto Market Watch: Upcoming Key Events.” indicating the importance of these events. These developments could spark volatility across traditional digital asset classes. Below is the detailed outlook for these events and their implication for the crypto space.

May 7: FOMC Meeting

The Federal Open Market Committee (FOMC) is scheduled to meet on May 7. This meeting is aimed at determining the next phase of U.S. monetary policy. Current forecasts indicate that the committee will keep the federal funds rate at 4.25%-4.50%. While President Donald Trump has openly called for interest rate reduction to boost economic development, the Federal Reserve remains cautious. Persistent inflation pressure resulted in a modest 0.3% contraction in GDP during Q1. A steady increase in jobless claims is one reason the Fed is hesitant to lower interest rate.

The implication of this crypto market event on the crypto market tends to be sensitive. Especially when it is related to the U.S. interest rate policy change. A decision to hold rates steady may reduce investor hopes for near-term monetary easing, which may cause a situation of volatility. Bitcoin and other digital assets often have a major impact if there are Fed announcements. Especially if future rate guidance hints at prolonged tightening or continued caution. Traders should closely monitor Fed Chair Jerome Powell’s post-meeting commentary for signs of policy direction.

May 8: Bank of Japan (BoJ) Meeting Minutes Release

The Bank of Japan will release minutes from its March 18–19 policy meeting on May 8. While the BoJ has maintained its ultra-loose monetary policy with a 0.5% interest rate. The recent global trade uncertainties have resulted in the bank revising down its growth and inflation forecast. The impact of this crypto market event is that the yen’s direct correlation with BTC is limited. But the global liquidity and investor sentiment are hugely influenced by the monetary stance of major central banks like the BoJ. A more dovish or uncertain tone from Japan could result in investors opting for alternative stores of value, including crypto, especially in a risk-off environment.

May 13: U.S. Consumer Price Index (CPI) Report

On May 13, the release of April Consumer Price Index (CPI) data will take place. CPI is the monthly report issued by the U.S. Bureau of Labor Statistics (BLS) every month. The report contains the data on the measured price change, serving as the key indicator for inflation. The most recent report indicates a 2.4% annual increase in consumer prices, marking a decline of 2.8% in February. This continued disinflation is being closely watched by both equity and crypto investors. The crypto market event implies that if inflation remains subdued or falls further, then it may result in the Fed considering rare cuts later in the year. The outcome is generally referred to as a bullish signal for cryptocurrencies. On the other hand, a surprise increase in inflation may reinforce the expectations of extended high rates. It can potentially exert downward pressure on risk assets, including crypto.

May 15: U.S. Producer Price Index (PPI) Report

Overall, all these crypto events that are going to take place in the month of May 2025, one after another, will impact the broader global market. With the US Federal Reserve, the Bank of Japan, and significant inflation statistics in the spotlight, traders and investors can see this month as highly volatile. The digital assets that are most likely to face the impact are the dominating cryptos like BTC, XRP, and ETH.