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Bank of Japan to Hike Interest Rates to 75 BPS, Highest in 30 Years

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$88,744.500.41%
The Bank of Japan (BOJ) is set to raise interest rates by 75 basis points to 0.75% on December 19, the highest level in over 30 years. Inflation above 2% and stronger business confidence are behind the move, which could affect global markets and crypto prices. Analysts suggest tighter liquidity may push Bitcoin below $70,000. The BOJ also plans to sell $550 billion in ETF holdings. Traders are now watching altcoins to watch amid shifting capital flows. The fear and greed index has already shown signs of market anxiety.
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