Japan raises interest rates, is the global market in a panic?
Ladies, the Bank of Japan really took action today! The interest rate has been raised to 0.75%, a new 30-year high. To put it bluntly, the era of cheap money in the global market may really be coming to an end.
I believe everyone understands the logic of large funds profiting from the yen, but now with the interest rate hike, the cost of borrowing yen is skyrocketing, and these people are now rushing to sell assets and convert to yen to repay debts!
The cryptocurrency market is the first to be affected, with $BTC having fallen below 86,000 this week, resulting in 190,000 people being liquidated. Since last year, Japan has raised interest rates three times, and BTC has dropped over 20% each time. So, the pressure is immense in the coming days, and BTC may even test $70,000.
However, once the panic sentiment dissipates, the market will likely rebound around mid to late January. Sister Rong still holds some altcoins! The same rate of increase, the same opportunity to earn U, follow me, 扫码进聊天室, and join to witness!
