Fed and Bank of Japan hike rates, pressuring crypto market
- —The Fed raised rates by 25 bps to a 3.75–4% range
- —The Bank of Japan also hiked, adding pressure on risk assets
- —For Indian investors, the key risk is the BTC/INR pair and the rupee's movement
Why it matters: Tightening by the two largest central banks reduces global liquidity, weighing on bitcoin and altcoins in the short term.
Source: Coin Edition