Japan suddenly announces interest rate hikes, is the cryptocurrency market stable or panicking?
Exciting news has arrived! The Bank of Japan has hinted that it may raise interest rates next week, and further adjustments may continue afterwards! Many people panic at the mention of interest rate hikes, thinking that funds will withdraw, but in fact, this may not all be bad news for the cryptocurrency market.
Why? Because Japan has maintained low interest rates for a long time, and a sudden shift indicates that the global cost of funds is gradually rising, and some hot money may reconsider its direction. However, the crypto market is currently more influenced by the U.S. situation, and Japan's actions this time are more about following the rhythm, with limited short-term impact.
For us retail investors, don't scare yourself! Don't panic and cut losses at the slightest sign of trouble, especially don't make hasty moves in times of panic. Hold on to your chosen positions; if prices drop, you can buy in batches, but absolutely avoid going all in at once.
Bull markets often experience fluctuations, and interest rate hikes are not the end of the world. Those who can hold on will be able to reap the rewards later. Follow me, Shengyi, to calmly observe the market and not get swept away by the crowd!
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