Bitcoin Traders Brace for Bank of Japan Rate Hike Amid Crypto Sell-Off – Decrypt
In brief A Bank of Japan rate hike could reverse the lucrative yen “carry trade,” a major source of global liquidity that has historically fueled rallies in risk assets like Bitcoin. Analysts are divided, with one warning of a “crypto drag” from tightening liquidity, while another believes conflicting global forces may neutralize the long-term macro...
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