Bitcoin Price Just Passed a Big Test, But One More Is Coming
Bitcoin is trading around $76,378 after holding up through a difficult stretch for the crypto market. The BTC price has had to deal with the failed U.S. CLARITY Act vote, concerns over higher-for-longer interest rates, and pressure across global bond markets. Now there is another event to watch. The Bank of Japan’s rate decision on September 18 could bring another test for Bitcoin. Markets expect the BOJ to hike its policy rate to 1.25%, which could shake up the yen, global liquidity, and demand for risk assets.