The Bank of Japan (BOJ) has raised its interest rates to 1%, marking a significant shift from its ultra-easy monetary policy. This move, which is the highest level since 1995, could strengthen the Japanese Yen and increase borrowing costs.
According to Pluang, this could lead to a 20-30% decline in Bitcoin and other cryptocurrencies if the JPY strengthens. The impact of the rate hike on crypto markets is a concern for investors, who should watch how the BOJ's tightening affects global assets moving forward.