⚡ Bitcoin $BTC surpasses $77,400 after BOJ raises rates to 1.25%
Bitcoin trades above $77,400 after the BOJ raised interest rates to 1.25%. Spot Bitcoin ETF funds attract an additional $159.5 million, but the upward momentum has cooled.
Why is it notable?
The BOJ’s rate hike to 1.25% is a new macro driver, while the $159.5 million flowing into spot ETFs indicates that demand is still there even though the rally has slowed.
Simply put:
Bitcoin remains above $77,400 following the BOJ rate increase, and ETFs continue buying even as the price is rising more slowly.
#CryptoNews
🔗 Source: Cryptonews
⚠️ Information is for reference only and not investment advice. Do your own research before deciding (DYOR).
Bitcoin trades above $77,400 after the BOJ raised interest rates to 1.25%. Spot Bitcoin ETF funds attract an additional $159.5 million, but the upward momentum has cooled.
Why is it notable?
The BOJ’s rate hike to 1.25% is a new macro driver, while the $159.5 million flowing into spot ETFs indicates that demand is still there even though the rally has slowed.
Simply put:
Bitcoin remains above $77,400 following the BOJ rate increase, and ETFs continue buying even as the price is rising more slowly.
#CryptoNews
🔗 Source: Cryptonews
⚠️ Information is for reference only and not investment advice. Do your own research before deciding (DYOR).