Three central banks tighten at once for first time since 2006 — bitcoin risk
- —The ECB has raised rates, the Fed decides on Wednesday and the Bank of Japan on Friday
- —Futures give the Fed a 90% probability of a rate hike
- —In 2006, after synchronized tightening, the TOPIX fell 16.5%
- —In August, spot bitcoin ETFs attracted $3.52 billion
Why it matters: Synchronized tightening by three central banks has historically hit risk assets first; ETF inflows may partially offset the pressure.
Source: BeInCrypto PL