According to the Nikkei, the Bank of Japan (BoJ) is set to increase interest rates to 75bps, the highest level in 30 years. Rising Japanese funding costs, alongside falling U.S rates, could force leveraged funds to reduce carry trade exposure, increasing downside risk for #BTC bitcoin as a benchmark depreciation triggers general crypto sell of it can be huge decline to (20-30)%.Backle up folks.
only a few months to another fed president, money printing underway
C R Y P T O BULL
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Bullish
Powell just shook the markets 🤯 I'm telling you, QE starts tomorrow. That’s $40 billion coming in every month. This is huge. Markets are going to feel it. Watch $LUNA and $USUAL closely. {spot}(LUNAUSDT)