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Bitcoin price drops below $64k amid fears of a Bank of Japan (BOJ) rate hike
In recent weeks, Bitcoin price has experienced significant volatility, culminating in a notable drop below the $64,000 mark after a bullish attempt that saw it surge above $66k. Notably, this decline, which has seen Bitcoin’s price tumble by over 3% in just 24 hours, can be attributed to a combination of factors, including a “long squeeze” in the perpetual futures market and growing concerns regarding potential interest rate hikes from the Bank of Japan (BOJ). Japan’s new prime minister pick disrupts markets Bitcoin’s price trend has been bullish, particularly following a rapid ascent of nearly 14% after ... (full story)
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- Posted: Sep 30, 2024 10:40pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 90
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