BTCUSD: US dollar strengthens as US bond yields rise pending rel

Investors are bracing for a busy week ahead of key economic data, including European inflation data and U.S. employment and non-farm payrolls. These numbers will go a long way in shaping the Federal Reserve and European Central Bank's expectations for monetary policy decisions.
Details of the Fed's discussions are expected to be revealed on Wednesday when the minutes of the December Federal Open Market Committee meeting are released.
According to the CME FedWatch tool, market sentiment reflects an 82% chance that the Fed will start cutting interest rates in March, with more than 150 basis points of easing expected by the end of the year.
Traders are also keeping an eye on volatile oil prices due to concerns about potential supply disruptions in the Middle East following recent attacks on container ships in the Red Sea. In the crypto market, Bitcoin has risen 3.25% since the beginning of the year, reaching its highest level since April 2022, on expectations that the U.S. Securities and Exchange Commission will soon approve Bitcoin spot fund trading. did.