Why did the BOJ raise interest rates and why did BTC bounce back?
Simply put:
- The increase is low
- The news had been anticipated beforehand, so the price reacted a month ago (dropped sm already)
- The Yen's current status as a safe haven is no longer what it used to be, for instance, USD has been a good refuge for several years due to high interest rates, while being stable, whereas the Yen is sm, and forecasts suggest it will be sm further.
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