Bitcoin remains range-bound as investors await key policy catalysts

There are two main drivers for crypto this week, keeping Bitcoin trapped within its $58,000-$65,000 summer consolidation range.

The cautious tone is being set by the Fed’s policy decision scheduled later on Wednesday, a key catalyst for risk assets. While rates are widely expected to remain unchanged, investors will be closely watching for any signals pointing to tighter monetary policy through future rate hikes, which could weigh further on digital asset prices.

Bitcoin already came under pressure this week, slipping towards the $63,000 level as rising oil prices and renewed inflation concerns following the latest escalation in the Middle East fuelled expectations of a…