The Czech National Bank is considering a groundbreaking move to add billions of euros worth of bitcoin to its reserves. Governor Ale Michl plans to present this proposal to the bank’s board on Thursday. If approved, it would mark the first instance of a Western central bank holding bitcoin as a reserve asset. Meanwhile, the Federal Open Market Committee (FOMC) is expected to maintain the fed funds rate at 4.25%-4.50% today. Investors are watching closely for any hints from Fed Chair Jerome Powell on future monetary policy, which could influence asset prices. Bitcoin has rebounded, trading above $102,000, while U.S. equities are close to setting new records, driven by Nvidia’s nearly double-digit surge. After market close, earnings reports from major tech firms like Tesla could introduce further volatility.
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