**Market Alert: Japan's Interest Rate Hike May Impact Bitcoin**
Bank of Japan (BoJ) is poised to increase interest rates by 25 basis points on December 19. š This move could have significant implications for the global economy and cryptocurrency markets.
**Japan's Debt Holdings**
šÆšµ As the largest holder of US government debt, Japan's monetary policy decisions can affect the entire world. The BoJ's actions may ripple through the financial system, potentially impacting Bitcoin's price volatility.
**Bitcoin Price Trends**
Look at the chart below to see how BoJ rate hikes have affected Bitcoin prices in the past: š
ā¢ March 2024: -23% decline
ā¢ July 2024: -26% drop
ā¢ January 2025: -31% plummet
Will another rate hike lead to a similar outcome? Stay tuned for updates.
**Market Speculation**
Is $70K Bitcoin's next target? The market is watching closely, and investors are eagerly waiting for the BoJ's decision on December 19.
$LUNA, $JUV , $SOMI .
