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Gate Square New & Returning Creator Rewards are ongoing!
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Interest rate hike in Japan is inevitable: why this time Bitcoin might not fall? Three main signals indicating a change in market logic
"The Bank of Japan raises rates once — Bitcoin should crash!" As the decision on the Bank of Japan's rate approaches, such forecasts are once again spreading in the crypto community. Yesterday, Bitcoin dropped from a high of $90,000 to $85,616, a 5% decline in one day, seemingly confirming this panic reaction.
But, looking beyond the surface to the core, one can suggest that the market scenario might be being rewritten.
Historical context: Three rate hikes, three bloodbaths