@akbarin
TLDR
The Bank of Japan’s rate hike created de‑risking ahead of the decision, then a largely muted post‑announcement reaction for Bitcoin (BTC), with BTC steady near $88,263.33 and up +1.22% (24h).
Immediate impact was modest, with BTC holding near $87,000 after the hike per a market update that called the move “fully anticipated” and priced in (report).
The mechanism is yen carry‑trade pressure (higher yen funding costs) that can weigh on risk assets like BTC when positioning unwinds (analysis).
Over 7 days, total crypto market cap fell about 5.37% while BTC dominance rose roughly 1.5 percentage points (tool output).
Deep Dive
1. Post‑Hike Reaction
Bitcoin (BTC) showed a restrained response after the BOJ raised its policy rate to 0.75%, with price action described as steady and largely in range.
- Coverage highlighted BTC rising slightly and holding near the high‑$80Ks, noting the hike was broadly anticipated and thus priced in (market update).
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