The market expects the Bank of Japan to raise interest rates in January with a 90% probability, which may undermine the rising momentum of cryptocurrency
Editor
2025-01-17 06:02 8,660
Share to:
Golden Finance reports that investors are focusing on Trump’s inauguration on January 20, which may become a key catalyst for Bitcoin and cryptocurrency prices. However, on January 24, the Bank of Japan is likely to raise interest rates. Markets are currently pricing in a 90% chance of a rate hike on January 24, according to a chart shared by analyst Michael Kramer on the X platform. Previously, the Bank of Japan’s interest rate hike caused chaos in the traditional asset and digital asset markets. This was a key catalyst in the reversal of the yen carry trade in early August, which sent Bitcoin crashing to $49,000. Traders may be preparing for another sell-off this time around.