Bank of Japan

With the Bank of Japan expected to raise interest rates on December 19, Bitcoin investors are wary. Historical data shows previous BoJ hikes have triggered significant BTC corrections, and technical analysis suggests the price could fall towards $70,000.

The Bank of Japan is preparing to raise rates to 0.75%, the highest since 1995, ending decades of ultra-loose policy. This could impact risk assets like crypto by reducing the yen carry trade, which has been a source of cheap funding.