Japan's Rate Hike Goes Wrong: Yen Sinks—What It Means for Bitcoin

BOJ Rate Hike Backfires: Yen Crashes, Bitcoin Price Rally Uncertain

The Bank of Japan’s latest decision to increase its interest rate to the highest in 30 years has sent the yen plummeting to record lows. As the yen continues to crash, defying the country’s expectations, officials warn of “appropriate action” against excessive moves. While this unexpected downfall following the BOJ’s rate hike has sparked a The post BOJ Rate Hike Backfires: Yen Crashes, Bitcoin Price Rally Uncertain appeared first on CoinGape.

Japan's Rate Hike Goes Wrong: Yen Sinks—What It Means for Bitcoin

The post Japan’s Rate Hike Goes Wrong: Yen Sinks—What It Means for Bitcoin appeared on BitcoinEthereumNews.com. The Bank of Japan raised interest rates to their highest level in 30 years, yet the yen tumbled to record lows. The outcome is the exact opposite of what Japan intended. With the government now signaling possible intervention in the currency market, uncertainty is only growing. Japan Warns of “Appropriate Action” as Yen Slides On Monda…

Bitcoin Enters Stop-and-Go Phase as Capital Inflows Weaken Bitcoin News ETHNews

According to a new report from XWIN Research Japan, shared by CryptoQuant, Bitcoin is currently moving through a fragile “stop-and-go” phase. On-chain indicators suggest the market is adjusting after a rebound, but without the capital inflows needed to confirm a durable trend reversal. Macro backdrop limits risk appetite The report places recent price action within a broader macro context. On December 19, the Bank of Japan raised its policy rate…