The Bank of Japan is scheduled to announce a 0.25% rate hike tomorrow (December 19), and the market is restless. Want to see how history has played out? A quick review will tell you.
Last March's rate hike caused Bitcoin to drop directly by 23-27%. In July, another rate hike expanded the decline to 26-30%. The recent January rate hike was even more severe—a direct 30-31% drop.
Expectations for this time have already fermented in the market. BTC has slipped from a high of $92,000 to around $86,000, accompanied by a large number of liquidations and a spreading fear of missing out. Some are asking, won't this also drop by 30%? If it really drops 30%, based on the current price... if you can't calculate it, then it's a bit scary.
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The Bank of Japan is scheduled to announce a 0.25% rate hike tomorrow (December 19), and the market is restless. Want to see how history has played out? A quick review will tell you.
Last March's rate hike caused Bitcoin to drop directly by 23-27%. In July, another rate hike expanded the decline to 26-30%. The recent January rate hike was even more severe—a direct 30-31% drop.
Expectations for this time have already fermented in the market. BTC has slipped from a high of $92,000 to around $86,000, accompanied by a large number of liquidations and a spreading fear of missing out. Some are asking, won't this also drop by 30%? If it really drops 30%, based on the current price... if you can't calculate it, then it's a bit scary.