Bitcoin markets await Fed, BOE and BOJ decisions

Bitcoin has recovered to approximately $78,100 as traders prepare for three central bank decisions and Tuesday’s U.S. Senate vote on crypto market legislation. Summary Bitcoin traded near $78,100 as three major central banks prepared interest-rate decisions this week globally. Markets priced an 87% chance of a quarter-point Federal Reserve increase before Wednesday’s policy announcement. The Bank of England enters Thursday’s meeting with its benchmark rate currently unchanged at 3.75%. Bank of Japan officials meet Thursday and Friday as markets anticipate another quarter-point increase decision. XRP gained 4.5% while Filecoin jumped 23% during Monday’s cryptocurrency market rebound before central-bank decisions. Federal Reserve’s official calendar shows policymakers will meet on Sept. 15 and 16, with their rate statement scheduled for Wednesday afternoon. Updated economic projections and Chair Kevin Warsh’s press conference will follow the announcement. Bitcoin steadies near $78,100 before Fed decision Bitcoin traded at $78,122 on Sept. 14, up 1.7% over 24 hours after falling as low as $76,439. The cryptocurrency reached an intraday high of $78,276 but remained below the $80,000 le...