Analysis: Seven central banks will announce their interest rate decisions next week, which may trigger volatility in the Bitcoin market.

CoinFeed reported on March 11th, citing CoinDesk, that next week will be a crucial test for risk assets like Bitcoin, as seven major central banks, including the Federal Reserve, will announce their interest rate decisions. Meanwhile, the war-driven surge in oil prices has sparked renewed concerns about global inflation. Traders are reassessing their expectations for rate cuts, as rising energy costs could keep inflation high, increasing the risk of policymakers adopting a more hawkish stance. The economic calendar includes: March 17th, the Reserve Bank of Australia; March 18th, the Bank of Canada and the Federal Reserve; March 19th, the Bank of Japan, the Swiss National Bank, and the European Central Bank. Previously, the market widely expected major central banks to steadily cut interest rates, but the oil price surge caused by the Middle East conflict has disrupted this expectation. If central banks send hawkish signals, it could trigger volatility and downward pressure on risk assets like Bitcoin.