Bitcoin Volatility Expected Amidst Fed Rate Hike Bets
Bitcoin's price has experienced significant fluctuations in recent times, plummeting to $76,046 before rebounding by over 5% to nearly $79,890.
The market is bracing itself for key interest rate decisions from the Federal Reserve and Bank of Japan, which could amplify volatility further.
Despite an 85% chance of a Fed rate hike being priced in, investor caution remains due to potential hawkish signals and tighter liquidity.