Bitcoin (BTC) experienced daily lows during Wall Street’s opening on May 3 as markets anticipated the Federal Reserve’s interest rate decision. BTC/USD followed a volatile trend, reaching $28,152 on Bitstamp, marking a decrease of 2.2% from the day’s high. Market sentiment indicates a 90%+ chance of the Fed hiking 0.25% in line with its March moves. However, this hike would prove challenging as the move would be in response to a banking crisis that has been exacerbated by high-interest rates. Despite the banking crisis, Bitcoin remained within an established trading range and failed to capitalize on sentiment. Some traders predicted a downside target of around $25,000 for their next potential trade, while others offered more optimistic short-term BTC/USD roadmap. Overall, there was little firm bullishness among commentators.