Bitcoin sell-off toward $60K may resume as Japan hikes interest rates
Japan’s highest rates since 1995 are putting global liquidity back in focus as traders anticipate 26%–38% BTC price declines.
Bitcoin (BTC) risked wiping out its Iran truce gains and returning toward the $60,000 psychological support as the Bank of Japan (BoJ) raised its interest rates to their highest level in 30 years.
Key takeaways:
BTC has averaged a 5.74% decline in the 30 days after the last four BoJ rate hikes.