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Bitcoin Price Drops Amid Potential Interest Rate Hike in Japan

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BTC
$88,891.700.84%
Bitcoin price today fell amid speculation the Bank of Japan (BoJ) may raise rates for the first time in 11 months. A 25-basis-point hike to 0.75% is under consideration for the December 18–19 policy meeting. Past rate increases saw Bitcoin price drop 20–30%. Analyst Ted Pillows warns higher rates could reverse carry trades, pulling funds from global assets. Bitcoin price today is $87,000. Some Bitcoin price prediction models suggest further volatility ahead.
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