PANews 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, war-driven oil price spikes have 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 disrupted this expectation. If central banks send hawkish signals, it could trigger volatility and downward pressure on risk assets such as Bitcoin. Analysts point out that the Federal Reserve's initial reaction to oil price shocks is usually a wait-and-see assessment, hoping to determine whether growth or inflation is a greater issue, and most such shocks are temporary. Historically, only the Federal Reserve and the Bank of Japan have had a substantial impact on Bitcoin prices.