Bitcoin (BTC) prices are close to $ 104K after Bank of Japan delivers the Hawkish rate hike
Bitcoin (BTC) remained stable during Asian hours on Friday after the Bank of Japan (BOJ) lifted the benchmark amount of borrowing at the highest over 17 years while increasing inflation forecasts.
“If the views presented in the January Outlook Report is realized, the bank will consistently increase the policy interest rate and adjust the level of financial accommodation,” said the policy statement, citing a positive perspective on wages and maintaining guidance to maintain increasing rates, According to forexlive.
Anti-risk Japanese Yen rose more than 0.6% to 155.12 against the US dollar following the decision of the rate. However, risk assets remained resilient. Bitcoin has not shown signs of stress, trading has slightly changed the day of more than $ 104,000. Futures tied to the S&P 500 also traded a flat.
This stability in assets at risk suggests that market attention is increasingly centered on potential policy development under Donald Trump’s presidency. In comparison, the increase in the Bank of Japan rate in late July had previously shaken risk assets, including cryptocurrencies.
On Thursday, President Trump signed an Executive Order to ban the Digital Dollar and promote Crypto and AI Innovation in the US Meanwhile, US data released recently showed a “all tenant rent” index, leading the shelter Inflation in CPI, will rise to slower speeds. Last quarter. That has increased the hope that the Fed will return to his Hawkish forecast at the December rate.
