Because of these factors, the Bank of Japan is choosing to stay cautious and hold interest rates steady
How BOJ’s Decision Could Impact the Crypto Market
The Bank of Japan’s choice to hold interest rates steady could have mixed effects on the crypto market. Stable rates often support risk assets like Bitcoin and other altcoins, as investors seek higher returns outside traditional markets.
Currently, the crypto market has fallen by 4.47%, reducing its total value to about $2.43 trillion, following the U.S. Federal Reserve’s decision to keep interest rates unchanged.
Bitcoin has fallen to $70,223 from a recent high of $76,000. Other major coins like Ethereum, XRP, Solana, and Dogecoin are down between 3% and 6%.
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