BOJ Hikes Rates to 0.75%, Highest in 30 Years, Bitcoin May Drop 20–30%

iconCoinpedia
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
Bitcoin news broke on December 19 as the Bank of Japan raised its benchmark rate to 0.75%, the highest in nearly 30 years. The 0.25% hike reflects stronger economic confidence, with Governor Kazuo Ueda hinting at more increases if growth holds. Analysts warn tighter policy could push Bitcoin below $63,000, while altcoins to watch may also face downward pressure.
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.