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 ↗
Схожі статті (40)
Bitcoin Slips to $58K as Fed Faces Split Rate Cut Expectations as
Bitcoin strength wanes as crypto market stuck in 5 month ‘structurally ordered downtrend’
Bitcoin (BTC) Price Stumbles Below $65,000 as Fed Holds Interest Rates, Indicates Possible September Cut
Bitcoin’s Price Drops Below $64k as Entire Market Turns Red, XRP Loses Gains
Bitcoin Price Plunges Back Below $56,000 as US CPI Kills 50bps Fed Rate Cut Hopes – Here’s Where BTC Is Headed Next
Bitcoin Price Alert: Bitfinex Forecasts 20% Crash Post Rate Cut Decision
Bitcoin Drops to $58.5k: Can Bulls Rebound to $63.8k Amid Fed Rate Speculation?
Bitcoin Price Plummets to $59,000
Bitcoin fails to rally from dovish FOMC meeting – Why?
Why Is Bitcoin Price Falling Today?
Bitcoin Price Drops To $58K, Can the FED’s Interest Rate Decision Ignite Bull Run?
Bitcoin Faces Decline After US Market Opens
Bitcoin Faces Possible Drop Below $10,000
Bitcoin Price Faces Sharp Decline
What’s Behind Bitcoin Price Drop? Political Chaos or US Fed Meeting?
Fed Meeting Triggers Bitcoin Decline and Altcoin Turbulence
Bitcoin Faces Strong Selling Pressure, Liquidations Surge to $56 Million After Fed Meeting
Investors Sell Bitcoin as Price Drops Below $68,000
Bitcoin Price Drops and Market Reactions
Bitcoin Experiences Significant Drop as Investors Brace for Economic Data
Bitcoin Price Drops Amid Market Volatility
Fed Meeting Spurs Bitcoin Price Drop and Altcoin Volatility
Bitcoin Plummets as U.S. Fed Calls Emergency Meeting Amid Japanese Yen Crash
Bitcoin Fails to Break $60K Amid Market Uncertainty and Upcoming Fed Meeting
Bitcoin Plunges Below $60,000: Weak US Economy and Fed Uncertainty Fuel Massive Sell-Off
Bitcoin Dips Below $63,000 Amid Market Turmoil: Assessing Potential for Recovery
Potential FED Rate Cut: Bitcoin Dips to $56,487 Amid Market Speculation
Bitcoin [BTC] Struggles Below $65k Amid Dovish FOMC and Anticipation of July Jobs Report
Bitcoin Plunges Nearly 6% in Minutes Amid Market Volatility and Fed Speculation
Bitcoin Dips Below $64K, Top 5 Memecoins Facing Investor Anxiety
Bitcoin BTC Dips 2.7% Amid Anticipated Fed Rate Cut and Market Volatility
Bitcoin Falls Below $65,000 Amid Market Decline and Fed Rate Speculations
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
Federal Reserve’s Interest Decision and Middle East Conflicts Drag Bitcoin (BTC) Below $64K
Bitcoin Hits $63K Low After Federal Reserve Meeting, Altcoins Follow Bearish Trend
Bitcoin Price Drops to $64,000 Amid Fed Meeting; $56M BTC Liquidations Surge
Bitcoin Falls Below $65,000 as Fed Holds Rates Steady, Signals Possible September Cut
Bitcoin Plummets Over 8% Amid Sharp Market Declines as Calls for Fed Rate Cuts Intensify
Bitcoin Price Drops 5.20% Ahead of FOMC Meeting: Potential Surge to $70,000 Anticipated
