Bitcoin Could Drop To $70K As Bank Of Japan Rate Move Approaches—Analysts

Bitcoin risks a further drop toward the $70,000 area if the Bank of Japan follows through with an expected interest-rate rise on Dec. 19, analysts focused on macro forces warned.According to multiple macro-focused voices, the move could sap global liquidity and put fresh downward pressure on risk assets, with some traders already bracing for a sharp pullback.
Japan’s policy shift matters because higher rates tend to strengthen the yen and raise the cost of borrowing. When that happens, tra