Bank of Japan’s Interest Rate Move Signals Market Shifts in Crypto
- BOJ rate hikes often trigger crypto downturns, with Ethereum facing key risks.
- Ethereum’s recovery may depend on the Fed’s stance on quantitative easing.
- BOJ’s expected mid-year hike could fuel more volatility in global markets.
The Bank of Japan’s (BOJ) latest interest rate hike raised concerns about a potential market downturn, particularly in crypto. Historically, crypto markets have displayed a trend of sharp sell-offs following BOJ rate increases.
Founder and CEO of ITC Crypto, Benjamin Cowen noted that rate hikes in March and July triggered significant sell-offs in April and August. With the BOJ raising rates again last week, another sell-off could occur in February or March. Additionally, the Federal Reserve’s stance on quantitative easing (QE) might affect Ethereum’s path in the coming months.
BOJ Rate Hikes – Market Impact
The BOJ increased…
The post Bank of Japan’s Interest Rate Move Signals Market Shifts in Crypto appeared first on Coin Edition.
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Bank of Japan’s Interest Rate Move Signals Market Shifts in Crypto
- BOJ rate hikes often trigger crypto downturns, with Ethereum facing key risks.
- Ethereum’s recovery may depend on the Fed’s stance on quantitative easing.
- BOJ’s expected mid-year hike could fuel more volatility in global markets.
The Bank of Japan’s (BOJ) latest interest rate hike raised concerns about a potential market downturn, particularly in crypto. Historically, crypto markets have displayed a trend of sharp sell-offs following BOJ rate increases.
Founder and CEO of ITC Crypto, Benjamin Cowen noted that rate hikes in March and July triggered significant sell-offs in April and August. With the BOJ raising rates again last week, another sell-off could occur in February or March. Additionally, the Federal Reserve’s stance on quantitative easing (QE) might affect Ethereum’s path in the coming months.
BOJ Rate Hikes – Market Impact
The BOJ increased…
The post Bank of Japan’s Interest Rate Move Signals Market Shifts in Crypto appeared first on Coin Edition.
Read More