#Bitcoin breaks $59,000! 🎉

Bitcoin has managed to rally past $59,000 despite the Bank of Japan hinting at further rate hikes. However, the rally has slowed. BTC is up 1% over the past 24 hours, while the broader cryptocurrency market is up about 0.9%, according to the CoinDesk20 index.

This week’s worth-watching U.S. economic data is coming up, starting with the ISM Manufacturing Purchasing Managers Index later on Tuesday. Bank of Japan Governor Kazuo Ueda reiterated that the central bank will raise rates further if the economy and inflation develop as expected.

What do you think of Bitcoin’s future? Feel free to share your thoughts in the comments section!