
Analysts: Fed and Bank of Japan Decisions Could Pressure Crypto Market
- —Bitcoin at $77,000, with key levels at $76,000 support and $83,000 resistance
- —The probability of a 25 bps Fed rate hike is estimated at 86–87%
- —US spot bitcoin ETF outflows for the week totaled about $463 million, while Ethereum ETFs saw $196.9 million in inflows
- —The Bank of Japan may raise rates to 1.25%, hitting the carry trade
Why it matters: The outcomes of the Fed, Bank of Japan, and CLARITY Act vote within 24 hours will determine the direction of bitcoin and risk assets.
Source: Cryptonews.net
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