BTC volatility may rise as major central banks weigh rate decisions

Bitcoin price volatility is expected to increase next week as central banks in seven major countries, including the U.S. Federal Reserve, are scheduled to make interest rate decisions, CoinDesk reports. The series of announcements will begin with the Reserve Bank of Australia (RBA) on March 17, followed by decisions from the Fed, the Bank of Japan (BOJ), the Swiss National Bank (SNB), and the European Central Bank (ECB). Surging oil prices, driven by heightened geopolitical tensions, have reignited inflation concerns, raising the possibility of rate hikes by these central banks. A hawkish, pro-tightening stance could lead to a decline in BTC's price. However, if the banks maintain a neutral or wait-and-see approach, BTC could see a potential rally. The report noted that the decisions from the U.S. and Japanese central banks will be particularly influential, potentially serving as a significant turning point for Bitcoin.