Bank of Japan set to hike to 1.25%, highest since 1995, as bitcoin shrugs
- —66 of 68 Reuters economists expect a rate hike to 1.25%
- —10-year JGB yields exceeded 3% for the first time since 1996
- —Nikkei fell 8.4% over the month and 13% from its June peak
- —BTC at $77,721, up 0.8% in 24 hours, despite rising yields
Why it matters: The hike is five times larger than in August 2024, when BTC crashed from $70,000 to $49,000, and an unwinding carry trade could hit risk assets.
Source: BeInCrypto JP