**The Sharp Price Drop of the Cryptocurrency Market**

Currently, the cryptocurrency market is undergoing a severe price drop.

A key factor leading to this situation is the Bank of Japan (BOJ). The BOJ plans to raise interest rates next week, on December 19. Analysts predict that there will be more rate hikes in 2026.

The interest rate choices of major central banks have a strong impact on the global market, including cryptocurrency. When Japan raised interest rates previously, the price of Bitcoin and the overall cryptocurrency market dropped sharply.

Traders still remember this price drop and are adjusting their investment strategies.

Stay updated on the latest information about the cryptocurrency market on Binance Square!

$LUNA, $JUV , $SOMI .