Fed, BoJ Rate Decisions Next Week Could Move Bitcoin Near $64,000

The Federal Reserve and the Bank of Japan are due to set interest rates next week, with Bitcoin near $64,000 as markets mostly expect both central banks to hold. According to BeInCrypto, Fed hike odds briefly rose as Brent crude topped $100 a barrel and U.S. inflation cooled, while the yen’s slide past 163 per dollar remains a key variable for crypto traders. The Fed’s July meeting is expected to be a hold, but about a third of pricing still favors a hike, while Nikkei reported the BoJ will likely keep its policy rate at 1% on July 31.