đăMarket shock: Bank of Japan rate hike triggers Bitcoin volatilityăđ
đ Bank of Japan's latest move:
Rate hike to 0.25%: The Bank of Japan announced that it would raise the benchmark interest rate to 0.25%, the first time in 20 years to achieve a net positive interest rate. Reduce bond purchases: Plans to reduce monthly bond purchases to about 3 trillion yen (about $19.6 billion) by the first quarter of 2026.
đ„ Market reaction:
Bitcoin price volatility: After the news was announced, Bitcoin price fell to the support level of $65,500, but then rebounded to above $66,000, showing the high volatility of the market. Yen depreciation: The rate hike failed to curb the depreciation of the yen, increasing market attention to the Bank of Japan's policies.
đź US Federal Reserve Movement:
September rate cut expectations: Analysts predict that the US Federal Reserve may have a 25 basis point rate cut in September, and the market is full of attention.
đ Other market performance:
Ethereum: The price fluctuated around $3,000, and positive ETF inflow signals provided support for its price. XRP: Price rises 9%, showing market vitality, despite weaker overall market sentiment.
đ Investor advice:
Pay attention to policy changes: Pay close attention to the upcoming meeting of the Federal Reserve, as policy changes may have a significant impact on the market. Manage risks: Given market volatility, investors are advised to manage risks and flexibly adjust investment strategies.
đą Conclusion:
The Bank of Japan's interest rate hike has triggered a sharp market reaction, and the prices of Bitcoin and other cryptocurrencies have fluctuated sharply. Investors should remain vigilant and pay close attention to global economic policies and market dynamics.
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