Bitcoin could face renewed selling pressure as the Bank of Japan (BOJ) prepares for a widely anticipated interest rate hike, according to a prominent macro analyst. Market watchers are closely monitoring the BOJs June 1516 policy meeting, where officials are expected to raise the benchmark rate from 0.75% to 1.0%, marking Japans highest interest rate level since 1995. The warning comes from pseudonymous analyst arndxt, who highlighted Japan as a significant macroeconomic risk for Bitcoin and other risk assets. The primary concern revolves around the yen carry trade, a strategy in which… Read more
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