Japan Raises Interest Rates to 30 Year High, But $BTC Holds Steady
The Bank of Japan just bumped its policy rate up by 25 basis points to 0.75%—that's the highest it's been in almost three decades. It sounds like big news, but the markets aren't freaking out, and Bitcoin is staying cool about it.
BTC didn't crash after the announcement. The real dip happened earlier, when it dropped to around $84,400 and then steadied. Everyone saw this rate hike coming, so it was already baked into prices—no surprise sell-off today.
This whole BOJ drama really kicked off back on December 14-15, during a weekend with thin trading and wild swings. That's when overleveraged bets got wiped out, shaking out the weak players. By the time the official word came, the market was already cleaned up.
Yesterday's milder CPI numbers also gave risk assets like Bitcoin a breather, easing any leftover worries from the hike and keeping things from spiraling.
Right now, $BTC 's moves are mostly from leveraged trading. The big moment will be after the US markets open at 9:30 AM ET, when the pros jump in. If institutions sell into this rebound, we might see a controlled drop. Otherwise, it'll probably just chop around, trapping late bulls and bears.
In my opinion, the BOJ hike is more of a backdrop than a trigger. The sell-off already played out, CPI helped calm nerves, and the real direction hinges on how US traders act today.
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