Central Banks' Rate Decisions Loom Large Over Bitcoin Markets
Bitcoin rebounded to approximately $78,100 as traders await decisions from three major central banks: the Federal Reserve, Bank of England, and Bank of Japan.
The Federal Reserve is set to announce its decision on interest rates on Wednesday, with markets pricing in an 87% chance of a quarter-point increase. The Bank of England will meet on Thursday, while the Bank of Japan's policymakers will gather on Thursday and Friday.
XRP gained 4.5%, while Filecoin jumped 23% during Monday's cryptocurrency market rebound before central-bank decisions.