The crypto market anticipates the US Federal Reserve's key rate hike decision amid the banking crisis and debt ceiling crisis, which raise risks of an "economic catastrophe." Bitcoin and Ethereum prices continue upward momentum as the Fed is expected to raise rates by 25 bps, bringing borrowing to 5%-5.25%. The market sentiment depends on Fed Chair Jerome Powell's guidance on future rate hikes.

The Dow Jones, S&P 500, and Nasdaq index futures are trading flat in green, with Q1 GDP growth and earnings coming in lower. BTC price rose 2% to $28,652, with an increased trading volume indicating trader interest.