Bitcoin Price Drops to $94,000 Ahead of US FOMC Meeting as Altcoin Momentum Slows

The overall crypto market dipped by 1.50 percent in the last 24 hours. On Monday, May 5, Bitcoin and Ether both registered small losses. Majority altcoins dropped in their prices as the Federal Open Market Committee (FOMC) gets set to assess US' economic status this week. Market is volatile and analysts advice caution to investors.