đ„đ„WHAT'S HAPPENING?
Bitcoin Price Falls with Japan: Will the $20,000 Drop Repeat? đ„đ„
After the Fed's 50 basis point interest rate cut two weeks ago, Bitcoin (BTC) increased by 14%. However, with the election of a new prime minister in Japan, BTC experienced a sharp selling pressure. Bitcoin lost 2.5% of its value and fell below $64,000.
Former Defense Minister Shigeru Ishiba became Japan's new prime minister, and the BOJ's tendency to tighten monetary policy drew attention. These developments caused a decrease in the price of BTC and a 5% decline in the Japanese Nikkei stock exchange.
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