GET READY FOR TOMORROW.
The decision on the interest rate of the Bank of Japan will be announced tomorrow. The market predicts a probability of 98.4% of a 25 basis point increase. See what happened when the Bank of Japan raised rates in the past: July 31, 2024: the Bank of Japan raised rates to 0.25% and Bitcoin fell 26% in 8 days; January 24, 2025: the Bank of Japan raised rates to 0.50% and Bitcoin fell 25% in 20 days. Now, the Bank of Japan is expected to raise rates to 0.75%, the highest level since 1995. Just like in the past, the markets may experience some decline around the decision. But, if you look at the chart, every sharp decline in Bitcoin driven by the Bank of Japan has been followed by a strong recovery and a new all-time high.
