As Bitcoin 
$77,710 stabilizes around $105,000, noteworthy statements from Federal Reserve members draw attention. While uncertainties in tax and interest policies loom over U.S. markets, the Japanese government clarifies ongoing talks concern tax reductions rather than exemptions. Amidst these developments, the prices and future trajectories of altcoins like Pi Coin, Ethereum (ETH) 
$2,317, EOS, and Avalanche (AVAX) capture the spotlight.
Federal Reserve Statements
The Federal Reserve persists in its position against interest rate cuts, citing robust employment figures. The Personal Consumption Expenditure (PCE) forecasts have dipped to 2.2%, yet the Fed hints at potential rate cuts during significant economic downturns. Anticipation builds for the upcoming G7 summit to shed light on tariffs and interest rates.
Federal Reserve member Hammack recently shared critical observations. Indicating simultaneous inflation and recession scenarios, Hammack’s comments suggest a challenging environment for risk markets.
“The White House’s tax bill complicates predictions. I’m wary of overreacting to tariffs. Stagflation appears likely as future policies might offset trade policy effects. Uncertainty significantly impacts economic activities.”
Uncertainty and stagflation are pivotal themes in recent discourse by Powell and other Fed officials. Such ambiguity is detrimental to risk markets.
Analysis of Pi Coin, ETH, EOS, and AVAX
The 0.682-dollar level remains a support for altcoins, despite May’s anticipated volatility falling short of expectations. A swift profit-taking impulse caused a price drop below one dollar after reaching 1.67 dollars.
Long-term risks related to transparency remain significant concerns, but maintaining support could enable another testing above the one-dollar mark.
ETH holds the 2,400-dollar support despite challenges closing above 2,600 dollars. The development of higher lows is promising, with Bitcoin’s resilience enhancing market sentiment. Movement above 2,740 dollars soon is anticipated, normalizing prices above 3,000 dollars amidst the unpredictable nature of the crypto market.
Following the May 7 surge, EOS continues to observe lower lows with the 0.75-dollar level pivotal. Short-term losses could lead to tests within the 0.68 to 0.65-dollar range.
Finally, AVAX maintains 22 dollars as a base, but horizontal movement persists. If closure remains below 23 dollars, the 19.8-dollar risk continues. Surpassing 23 dollars triggers a recovery aiming for 27 dollars.
