Bitcoin hovered around USD 114,500 on Tuesday, consolidating after failing to hold above USD 115,000 in the previous session.
The cryptocurrency remains range-bound as investors brace for a week filled with major catalysts that could set the tone across global markets.
On the monetary front, the Federal Reserve, Bank of Japan and European Central Bank are all due to announce policy decisions this week.
The Fed is widely expected to cut rates by 25 basis points on Wednesday, which could bolster riskier assets like bitcoin, while its peers are likely to stay on hold. Markets will watch closely for any signals of further easing in December.
In trade policy, optimism resurfaced as the US and China reached a preliminary framework for a new agreement, expected to be signed by Presidents Trump and Xi later this week.
Flows were supportive. Bitcoin ETFs attracted USD 149 million on Monday, while Ethereum products posted USD 133.9 million in inflows after three sessions of outflows, hinting at a modest return of institutional interest, which could limit downside risks to a certain extent.
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