The latest decision of the Bank of Japan to raise its interest rate to its highest level in 30 years has plunged the yen to historic lows.
As the yen continues to plummet, defying the country's expectations, authorities warn that appropriate measures must be taken against excessive movements.
While this unexpected drop following the Bank of Japan's rate hike has caused a sudden increase in the price of bitcoin, its future hangs by a thread.
BTC
87,248.79
-0.37%
PAXG
4,501.29
-0.11%