Bitcoin Ends Week in the Red, Shedding All Fed-Fueled Gains Amid Liquidity Worries

Bitcoin Ends Week in the Red, Shedding All Fed-Fueled Gains Amid Liquidity Worries

Bitcoin started the week above $90,000 but slid to just under $89,000 as traders braced for the Bank of Japan’s upcoming rate decision, a historically bearish catalyst for the cryptocurrency. Global Implications of Japanese Monetary Policy After kicking off the week trading above $90,000, bitcoin ( BTC) ended it just under $89,000 as the global […]

Bitcoin Faces Slide Towards $70K as Japan Rate Hike Odds Spike

Bitcoin is under renewed pressure as markets price in a near-certain Bank of Japan (BOJ) rate hike next week. Traders now expect Japan to raise rates to 0.75%, tightening global liquidity conditions and negatively impacting risk assets. Is Bitcoin Priced for BOJ Rate Hike? A Bloomberg chart shared by analyst Ted Pillows show more than The post Bitcoin Faces Slide Towards $70K as Japan Rate Hike Odds Spike appeared first on CoinGape.

Bitcoin (BTC) Slips as BoJ Rate Hike Fears Pressure Risk Assets

Bitcoin (BTC) hovers near $90,000 as BoJ rate hike fears clash with rebounding US spot ETF inflows, leaving the short-term outlook cautiously bullish.