The sharp decline of btc and eth this morning is due to the remarks made by the Governor of the Bank of Japan this morning.

Governor of the Bank of Japan, Kazuo Ueda:

Although there are signs of weakness in the overseas economy, it is overall gradually recovering.

Although there are signs of weakness in the overseas economy, it is overall gradually recovering.

So far, concerns about the impact of U.S. tariffs on the global economy have not become apparent.

If the forecasts for economic activity and prices are realized as expected, the Bank of Japan will continue to raise the policy interest rate based on improvements in the economy and prices.

Even with the increase in the policy interest rate, the accommodative financial environment will still be maintained.

At the December meeting, the Bank of Japan will examine and discuss domestic and foreign economic activities and price situations, as well as market dynamics, based on various data, and weigh the pros and cons of raising interest rates.