Bitcoin (BTC) and the broader crypto market faced selling pressure today.

BTC dropped by 1.97% as Japan's Nikkei 225 index fell by nearly 5%.

Shigeru Ishiba's( member of the house of representitives) recent victory has raised concerns about potential interest rate hikes.

Major altcoins like ETH and BNB also declined, with meme coins such as DOGE and SHIB experiencing steeper corrections.

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