🚨Big news: The Bank of Japan increased interest rates again. This is the highest in about 30 years. They also said maybe they will increase rates again soon, maybe even in April.🔥🔥🔥
Because of this, many people are scared. The yen is weak, and Japan wants to control it. When interest rates go up, money moves in a different way. Crypto market can also get affected because liquidity becomes less.
Some experts say when yen becomes weak, more people may buy $BTC . Others think the market can fall first and then go up again. So things are a bit confusing right now.
What do you think — will crypto go up or down next from here? And are you buying, selling, or just watching?
Today the crypto market is weak. $BTC went down below 88,000 dollars. Many people are selling to take profit, so the market is falling. People are also scared, so they are not buying much.
Some coins are still doing okay, but most coins are red. Big companies are still working in crypto, and some new big deals happened this week. But there are also scam cases, so we should be careful. Overall, the market is confused right now — some people say “buy,” some people say “sell.”
What do you think? Don't forget to share your thoughts 💭
$BTC dropped below 88,000 this morning. Many people think it’s just a normal drop, but it’s not that simple. Japan may raise interest rates soon, and there is an 80–90% chance it will happen by January. This can affect $19 trillion in the global yen carry trade, which is money borrowed in yen and invested in stocks and crypto.
If Japan raises rates, a lot of money will flow out quickly. BTC could fall fast. Last time, in December 2022, Japan’s sudden policy change caused big chaos in the market. Right now, BTC and other crypto are fragile. BNB is also very low, and many small investors have left.
The Federal Reserve is silent tonight, which can make things even riskier. But don’t panic—these drops are temporary. After Japan raises rates, $BTC might rise again in a few months.
What's your thoughts? share your opinion in the comment section! 🙂