Bank of Japan Rate Hike Leads to Bitcoin Volatility, All Eyes on US Fed Meeting
📉
The Bank of Japan announced an interest rate hike along with a reduction in bond purchases. This move sent jitters through the crypto market, causing Bitcoin's price to dip to $65,500. However, Bitcoin managed to bounce back above $66,000 as of press time. Market participants are now anxiously awaiting the outcome of the upcoming US Federal Reserve meeting, which could further influence cryptocurrency market dynamics.
Bitcoin's volatility in response to the Bank of Japan's monetary policy decision underscores the interconnectedness of global financial markets. Investors are closely monitoring these developments to gauge future market movements.
The article highlights the immediate impact of traditional financial policies on the cryptocurrency market, demonstrating how geopolitical and economic factors can cause swift changes in digital asset prices.
Source: coingape.com ↗
Vergelijkbare artikelen (49)
Bitcoin Price Plunges Back Below $56,000 as US CPI Kills 50bps Fed Rate Cut Hopes – Here’s Where BTC Is Headed Next
Bitcoin Stalls as Experts Warn of Resistance Ahead of Fed Rate Decision
BTC price slips from $60K as Bitcoin traders brace for FOMC 'fireworks'
Bitcoin Slips to $58K as Fed Faces Split Rate Cut Expectations as
Bitcoin (BTC) Price Stumbles Below $65,000 as Fed Holds Interest Rates, Indicates Possible September Cut
Bitcoin price turns shaky ahead of potential Fed rate cut and weak global economic data
BTC price slips from $60K as Bitcoin traders brace for FOMC 'fireworks'
Bitcoin’s Price Drops Below $64k as Entire Market Turns Red, XRP Loses Gains
Bitcoin strength wanes as crypto market stuck in 5 month ‘structurally ordered downtrend’
BTC price slips from $60K as Bitcoin traders brace for FOMC ‘fireworks’
Bitcoin Price Alert: Bitfinex Forecasts 20% Crash Post Rate Cut Decision
Markets Await Fed Decision: Bitcoin Spikes, Gold Drops, Stocks Wobble
Bitcoin Faces Decline After US Market Opens
Bitcoin Price Plummets to $59,000
Bitcoin Drops to $58.5k: Can Bulls Rebound to $63.8k Amid Fed Rate Speculation?
Fed Meeting Triggers Bitcoin Decline and Altcoin Turbulence
What’s Behind Bitcoin Price Drop? Political Chaos or US Fed Meeting?
Bitcoin Price Drops To $58K, Can the FED’s Interest Rate Decision Ignite Bull Run?
Bitcoin Trades at $58,480 as Markets Await Fed Decision
Bitcoin fails to rally from dovish FOMC meeting – Why?
Bitcoin Price Faces Sharp Decline
Bitcoin Faces Strong Selling Pressure, Liquidations Surge to $56 Million After Fed Meeting
Bitcoin Faces Possible Drop Below $10,000
Crypto Market Jitters: Bitcoin Dips as Investors Await Fed Decision
Why Is Bitcoin Price Falling Today?
Investors Sell Bitcoin as Price Drops Below $68,000
Bitcoin Experiences Significant Drop as Investors Brace for Economic Data
Bitcoin Price Drops and Market Reactions
Bitcoin Price Drops Amid Market Volatility
Fed Meeting Spurs Bitcoin Price Drop and Altcoin Volatility
Bitcoin Falls to $60,000 as Federal Reserve Implements First Rate Cut in Four Years
Bitcoin Hits $63K Low After Federal Reserve Meeting, Altcoins Follow Bearish Trend
Bitcoin Price Drops 5.20% Ahead of FOMC Meeting: Potential Surge to $70,000 Anticipated
Bitcoin Falls Below $65,000 as Fed Holds Rates Steady, Signals Possible September Cut
Bitcoin Price Drops to $64,000 Amid Fed Meeting; $56M BTC Liquidations Surge
Federal Reserve’s Interest Decision and Middle East Conflicts Drag Bitcoin (BTC) Below $64K
Bitcoin Falls Below $65,000 Amid Market Decline and Fed Rate Speculations
Bitcoin Dips Below $64K, Top 5 Memecoins Facing Investor Anxiety
Bitcoin [BTC] Struggles Below $65k Amid Dovish FOMC and Anticipation of July Jobs Report
Bitcoin Dips Below $63,000 Amid Market Turmoil: Assessing Potential for Recovery
Bitcoin Plunges Below $60,000: Weak US Economy and Fed Uncertainty Fuel Massive Sell-Off
Bitcoin Plummets as U.S. Fed Calls Emergency Meeting Amid Japanese Yen Crash
Bitcoin Plummets Over 8% Amid Sharp Market Declines as Calls for Fed Rate Cuts Intensify
Bitcoin Fails to Break $60K Amid Market Uncertainty and Upcoming Fed Meeting
Potential FED Rate Cut: Bitcoin Dips to $56,487 Amid Market Speculation
Bitcoin Plunges Nearly 6% in Minutes Amid Market Volatility and Fed Speculation
Bitcoin BTC Dips 2.7% Amid Anticipated Fed Rate Cut and Market Volatility
Bitcoin Dips to $53,810 Amid Mixed Economic Signals and Anticipation of Fed Rate Cuts
Bitcoin Plummets Below $56K Amid Market Turmoil and Rate Cut Speculations
