Four central banks in eight days: bitcoin holds between $75,000 and $77,000
- —ECB raised its deposit rate to 2.50% on September 10
- —Fed hiked 25 bps to 3.75-4.00%, the first increase since 2023
- —Bank of Japan raised its rate to 1.25%, the highest since 1995
- —Spot bitcoin ETF outflows totaled $746 million over two days
Why it matters: Synchronized tightening by four central banks is squeezing liquidity and yen carry trades, which could limit capital inflows into bitcoin ETFs.
Source: Journal du Coin