Odaily Planet Daily News 📈 Bitcoin has rebounded to break through the $59,000 mark recently, but the gains have weakened as the Bank of Japan hinted at further rate hikes. However, according to the CoinDesk20 index, BTC is still up 1% in the past 24 hours, while the broader cryptocurrency market has risen by about 0.9%.

This week, the market will usher in a series of US economic data releases, the most watched of which is the August manufacturing purchasing managers' index of the Institute for Supply Management (ISM) released later on Tuesday. These data may have an important impact on market trends.

Bank of Japan Governor Kazuo Ueda reiterated that the central bank will raise interest rates further if the economy and inflation develop as expected. Despite this, the current economic environment remains loose, and even after the benchmark borrowing cost was raised at the end of July, the inflation-adjusted interest rate is still negative. 🌐