According to Odaily Planet Daily, Bitcoin rebounded above $59,000, but the gains were weakened due to hints of further interest rate hikes in Japan.
BTC is still up 1% over the past 24 hours, while the broader cryptocurrency market is up about 0.9%, according to the CoinDesk20 index.
This week will see a slew of U.S. economic data released, starting with the Institute for Supply Management’s (ISM) manufacturing purchasing managers’ index for August due later on Tuesday.
Bank of Japan Governor Kazuo Ueda reiterated that the central bank will raise interest rates further if the economy and inflation develop as expected. Ueda said the economic environment remains accommodative, with inflation-adjusted interest rates still negative even after a hike in benchmark borrowing costs at the end of July.
