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Bank of Japan Rate Hike Could Trigger 20-30% Bitcoin Decline as Markets Price 98% Probability
Markets are bracing for a potentially pivotal week for Bitcoin as the Bank of Japan (BOJ) heads into its December 18–19 policy meeting. Expectations point to a near-certain rate hike.
Analysts predict that a potential Bank of Japan interest rate hike during its December 18-19 meeting, which prediction markets assign a 98% probability of occurring, could lead to a 20-30% decline in Bitcoin's price. Historical data suggests previous BOJ rate increases have coincided with significant drops in Bitcoin's value. More information is available on the BeInCrypto website.
#USJobsData #BTCVSGOLD #JPYStimulus
Bank of Japan Rate Hike Could Trigger 20-30% Bitcoin Decline as Markets Price 98% Probability
Markets are bracing for a potentially pivotal week for Bitcoin as the Bank of Japan (BOJ) heads into its December 18–19 policy meeting. Expectations point to a near-certain rate hike.
Analysts predict that a potential Bank of Japan interest rate hike during its December 18-19 meeting, which prediction markets assign a 98% probability of occurring, could lead to a 20-30% decline in Bitcoin's price. Historical data suggests previous BOJ rate increases have coincided with significant drops in Bitcoin's value. More information is available on the BeInCrypto website.
#USJobsData #BTCVSGOLD #JPYStimulus
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