Bitcoin climbed as high as $76,000 on Binance on Monday, with investors piling into digital assets ahead of a pivotal stretch of global macro events, including US inflation data, the Federal Reserve’s updated “dot plot,” and a policy decision from the Bank of Japan.
Chair Jerome Powell is scheduled to hold a press conference shortly after the policy statement is released.
The Bank of Japan is expected to announce its policy decision later Wednesday in the US.
The central bank is expected to keep its policy rate at about 0.75%, though traders are watching for signals that policymakers could consider raising rates to around 1% this year as the yen weakens and global inflation pressures persist.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
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