🇯🇵 BOJ won't raise interest rates again this year after economic turmoil from the previous hike. Former BOJ member Makoto Sakurai said: "They won't be able to raise rates again until at least the end of this year."

🔹 Stocks and crypto markets fell sharply in early August after the BOJ raised interest rates to 0.25%.

🔹 USD/JPY fell from 153 to 145 yen/USD. 🔹 Total crypto market capitalization fell by more than $500 billion from August 2-5.

📉 Crypto was hit by leveraged positions and sell-offs from Jump Trading of more than $370 million in ETH.

📊 BOJ won't raise interest rates again amid financial market turmoil. BOJ Deputy Governor Shinichi Uchida stressed the need to maintain the current level of monetary easing.

💬 What do you think of the BOJ's decision? Comment below!#Crypto#Finance #BTC