Key Highlights The Bank of Japan raised its policy rate by 25 basis points to approximately 1.25% on September 18, with the new target taking effect September 24. Bitcoin traded orderly following the announcement, rising from $76,961 to over $81,000 intraday, while the yen weakened 1.2% against the dollar—contrary to a classic carry-unwind pattern. The ...
Key Highlights On-chain analyst Willy Woo identifies a Fisher Transform golden cross on Bitcoin’s monthly chart, marking only the fourth such bottom signal in the asset’s history. Crypto analyst Murphy contends that interest rate hikes by the Federal Reserve and Bank of Japan are not inherently bearish for Bitcoin, emphasizing pace of tightening and market ...
If Japan raises interest rates and the yen strengthens sharply, years of cheap yen-funded bullish bets on stocks, bonds and cryptocurrencies could unwind. Foreign investors…