"On the monetary front, the Federal Reserve, Bank of Japan and European Central Bank are all due to announce policy decisions this week. The Fed is widely expected to cut rates by 25 basis points on Wednesday, which could bolster riskier assets like bitcoin, while its peers are likely to stay on hold. Markets will watch closely for any signals of further easing in December."
"Bitcoin hovered around USD 114,500 on Tuesday, consolidating after failing to hold above USD 115,000 in the previous session. The cryptocurrency remains range-bound as investors brace for a week filled with major catalysts that could set the tone across global markets. In trade policy, optimism resurfaced as the US and China reached a preliminary framework for a new agreement, expected to be signed by Presidents Trump and Xi later this week."
Bitcoin hovered near USD 114,500 after failing to sustain gains above USD 115,000, leaving the market in consolidation. The cryptocurrency remains range-bound as investors await a packed week of global catalysts. The Federal Reserve, Bank of Japan and European Central Bank are set to announce policy decisions, with the Fed widely expected to cut rates by 25 basis points on Wednesday, potentially supporting risk assets such as bitcoin. The BoJ and ECB are likely to hold, while markets will monitor guidance for further easing in December. A preliminary US-China trade framework and renewed ETF inflows signal modest institutional interest that could cap downside risks.
Read at London Business News | Londonlovesbusiness.com
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