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Bitcoin Falls Over 20% After Each of Japan's 3 Rate Hikes in 2024

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$88,017.80-0.03%
Bitcoin news shows the cryptocurrency fell over 20% after each of Japan’s three rate hikes in 2024, according to Chainthink. Drops of 23.06%, 26.61%, and 31.89% followed hikes in March, July, and January. The Bank of Japan’s shift from near-zero rates has historically reduced Bitcoin liquidity. While the latest hike was expected, Bitcoin analysis suggests the market may have already priced it in, making the next move unclear.
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