MARKET UPDATE: BOJ & $BTC
BTC
67,095.76
-1.27%
News:
The Bank of Japan confirms plans for further rate hikes driven by inflation data.
Rates:
Recently lifted to 0.75% (The highest level in 30 years).
The Risk:
The Yen carry trade is estimated at ~$261B. Crucially, data shows it is stabilizing, not crashing.
The Price:
#Bitcoin is brushing off the macro pressure, currently trading at $93,160 (+2.2% in 24h).
Market Outlook: Conditions look stable despite the tightening. 🐂 or 🐻?