Bitcoin sell-off toward $60K may resume as Japan hikes interest rates

Blockchain

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.

Mike

Mike has been working with information technology for well over 25 years professionally. CurrencyCrypt.net is a project designed to help people discover good information, and provide the opportunity to connect with Crypto interested people throughout the world. Contact Mike from this site.