What’s Next for Bitcoin: Events This Week with Potential Influence on Prices Above $70,000

What’s Next for Bitcoin: Events This Week with Potential Influence on Prices Above $70,000

Investors are awaiting the outcome of the FOMC meeting later this week with chances of rate cuts seeming null amid hot US CPI data.
Bitcoin’s recent price volatility and trading trends underscore the evolving relationship between traditional financial markets and the cryptocurrency space.
This week is very crucial for Bitcoin (BTC) and the broader cryptocurrency market as several global central banks will undergo key policy meetings to tackle inflation going ahead. This could potentially have a further impact on the Bitcoin (BTC) price and the broader cryptocurrency market.
There are key events to watch ahead of this week:
Japan Policy Meeting
Starting today, March 18, the Bank of Japan will kickstart its two-day policy meeting. There is increasing speculation that the Bank of Japan will abandon its negative-rate policy during the upcoming meeting on Tuesday. Should the Policy Board opt to eliminate the negative rate and proceed with what would essentially be the central bank’s fir

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