Will Bitcoin Suffer A 20% Decline After Japan’s Rate Hike? Historical Patterns Suggest So
Bitcoin (BTC) has experienced a 4% drop, falling below the $86,000 mark on Monday, as market speculation grows regarding the cryptocurrency’s future following the Bank of Japan’s (BOJ) interest rate decision.
In a recent poll conducted from December 2 to 9, an overwhelming 90% of economists—63 out of 70—predicted that the BOJ would increase short-term interest rates from 0.50% to 0.75% at this week’s planned meeting.
Experts Warn Of Impact From BOJ Rate Hikes
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