BTC/USD: Bitcoin Struggles to Reclaim $90,000 After Bruising Weekend. What’s Next May Help
OG coin is staring at a week packed with key data from all the important economies. Why is Friday’s rate decision a huge one? 📉 BTC Stalls Below $90KBitcoin slid roughly 3% over the weekend, tagging a two-week low near $87,500 before buyers stepped in Monday morning to lift the price toward $89,700. The rebound helped, but $90,000 remains a stubborn ceiling as traders hesitate to commit ahead of a macro-heavy week. Momentum is fragile, and conviction looks thin. And that’s exactly what you’d expect before several global data bombs land. 📊 Macro Week Packed Wall-to-WallUS nonfarm payrolls drop Tuesday, followed by CPI on Thursday – two data points that can quickly reshape rate expectations and risk appetite. UK and EU inflation prints arrive Wednesday, with the Bank of England expected to trim rates and the ECB likely to hold steady. Friday is the main event: the Bank of Japan’s rate decision. A hike, or even strong hints, could ripple far beyond FX. 💴 Why Friday’s BoJ Call MattersBitcoin has benefited from the so-called yen carry trade. That’s borrowing cheap yen (near-zero rates) and deploying it into higher-risk assets like crypto. This “free-money” loop works only when Japanese rates stay ultra-low. A BoJ hike raises funding costs and can force traders to unwind positions fast in order to pay up their debt. If yen funding dries up, risk assets often feel it first. Friday’s decision could either refuel Bitcoin, or pull the rug out from under it.