According to the macro market data of cryptocurrencies: If the Bank of Japan initiates interest rate hikes as scheduled on December 19, the price of Bitcoin may come under pressure again, targeting the key support level of $70,000.

We can look back at historical data to see the strong correlation between the two. The data shows that since 2024, every interest rate hike by the Bank of Japan has triggered a sharp correction in Bitcoin of more than 20%: After the interest rate hike in March 2024, Bitcoin plummeted by about 23%; after the rate hike in July of the same year, the price fell by 26%; when the interest rate hike cycle began in January 2025, the decline further expanded to 31%.