📉Japan's interest rate hike on December 19 is likely to negatively impact the cryptocurrency market $BTC . A large amount of capital in the cryptocurrency market comes from yen arbitrage, and the interest rate hike will increase the cost of borrowing yen, appreciate the yen, eliminate arbitrage opportunities, and investors will sell Bitcoin and other cryptocurrencies to close positions and repay debts.

This will also tighten global liquidity, lowering cryptocurrency valuations, and altcoins will suffer more severely than Bitcoin. However, some of the interest rate hike expectations have already been priced in, and in the medium to long term, Bitcoin's hedging properties may attract capital back.

BTC
BTCUSDT
87,045.8
-2.89%