Bitcoin holds $76,000 as sellers dominate ahead of Fed and BOJ meetings
- —On September 11, BTC fell to $76,046 and rebounded 5.05% to $79,890 in 1.5 hours
- —Probability of a Fed rate hike estimated at 85-86.5%
- —Bank of Japan rate hike to 1.25% expected
- —Bitcoin's monthly CVD in September is negative, with sellers dominating
Why it matters: The outcome of the Fed and Bank of Japan meetings will determine liquidity, as rising US yields and a stronger yen could add pressure on BTC.
Source: AMBCrypto