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BOJ's 25 Bps Rate Hike Expected to Impact Crypto Markets

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BTC
$88,663.000.46%
The Bank of Japan (BOJ) is set to raise its key rate by 25 bps at its December 18-19 meeting, pushing the benchmark to 0.75%. Polymarket shows a 98% chance of the hike, ending years of near-zero rates. Past rate hikes have triggered 20%-30% drops in Bitcoin and the **crypto market**. Higher borrowing costs may force traders to offload risk assets, potentially sending Bitcoin below $70,000. Traders should keep an eye on **altcoins to watch** for volatility amid shifting monetary policy.
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