MARKET UPDATE: BOJ & $BTC
News:
The Bank of Japan confirms plans for further rate hikes driven by inflation data.

Rates:
Recently lifted to 0.75% (The highest level in 30 years).

The Risk:
The Yen carry trade is estimated at ~$261B. Crucially, data shows it is stabilizing, not crashing.

The Price:
#Bitcoin is brushing off the macro pressure, currently trading at $93,160 (+2.2% in 24h).

Market Outlook: Conditions look stable despite the tightening. 🐂 or 🐻?

#bitcoin #BoJ #CryptoNewss #Marketupdates