Bitcoin starts week above $81,000 as market eyes Japan
- —BTC is nearly 7% above its level a week ago and has been above $80,000 since Friday
- —The Bank of Japan raised rates to 1.25% — the highest in 31 years
- —The yen weakened to 157 per dollar, and the Bank of Japan conducted rate checks
- —Brent is at $102 per barrel but has pulled back 7% from its local peak
Why it matters: Yen weakness and the risk of Bank of Japan intervention could increase volatility in global markets and affect appetite for risk assets, including bitcoin.
Source: BTC-ECHO