BOJ Hikes Rates to 0.75%, Tightening Spurs Crypto Market Jitters
The Bank of Japan's first rate hike in 30 years sent ripples through risk assets, with Bitcoin wobbling near $63,000. Governor Kazuo Ueda framed the 0.25% increase as a vote of confidence in Japan's economic resilience—but markets read it as the end of an era for cheap yen fueling crypto rallies.
Analysts now watch for domino effects: the yen carry trade unwinds, liquidity tightens, and altcoins face pressure. 'This isn't 2021 anymore,' said one macro trader, noting Bitcoin's 5% drop post-announcement. 'The free-money tide is going out.'