via Cointelegraph · By Cointelegraph Staff
Bitcoin Price Drops Follow BOJ Rate Hikes: Is Another Crash Developing?
BTC/USDT
$8,811,990,215.73
$63,461.99 / $62,436.59
Change: $1,025.40 (1.64%)
+0.0039%
Longs pay
Since 2024, Bitcoin (BTC) has posted four major corrections after interest rate hikes by the Bank of Japan (BOJ), with declines ranging from 18% to 28%. This dynamic places renewed attention on the BOJ's June 16 policy decision.
Data currently point to a variety of pressures on BTC, with BTC whale distribution and exchange inflows possibly carrying more weight than Japanese monetary…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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