Japan's Central Bank Will Raise Interest Rates After 30 Years

Japan Introduces New Risk to Bitcoin with Interest Rate Hike

Bank of Japan (BoJ) is set to increase interest rates by 75 basis points, reaching the highest level in the last 30 years. This increase, combined with rising funding costs in Japan and falling interest rates in the United States, suggests that leveraged funds may have to reduce their carry trade positions.

This situation could create new downward risks for Bitcoin. Investors should closely monitor this development, as interest rate hikes impact many economic dynamics globally.