Today Bitcoin news

[12/19, 14:07] 🫀: Market Reaction to Bank of Japan (BOJ)

The biggest news today is the Bank of Japan's decision to raise interest rates to 0.75%, its highest level since 1995.

The Impact: While investors feared a larger 75-basis-point hike that could have crashed the "Yen Carry Trade" and forced a Bitcoin sell-off, the actual 25-basis-point hike was seen as a "soft" move.

[12/19, 14:07] 🫀: Result: Bitcoin remained steady at $87,000 following the announcement, avoiding the sharp 20-30% drops seen during previous BOJ rate hikes.

[12/19, 14:08] 🫀: Technical Analysis & Price Action

Despite the steady reaction to the BOJ, Bitcoin is facing some technical headwinds:

Consolidation: BTC is stuck in a holding pattern below the $90,000 resistance level. Analysts note that it has been set for a weekly loss due to ongoing ETF outflows and cautious investor sentiment.

[12/19, 14:08] 🫀: The "Death Cross": Technical analysts are closely watching a "death cross" pattern (where the 50-day moving average falls below the 200-day) that emerged recently, suggesting that if support at $84,000–$85,000 breaks, the price could test lower levels near $74,000

[12/19, 14:08] 🫀: Notable Industry News

Bitcoin "Point of Payment": A new system called Bitcoin POP was unveiled today, designed to replace traditional Bitcoin ATMs with a regulated cash-to-Bitcoin system in retail environments. This move aims to curb fraud and target more compliant participation for cash-dependent users.$BTC