Bitcoin Traders May Want to Track Friday’s Bank of Japan Rate Decision. Here’s Why

These potential developments might appear inconsequential to the bitcoin market, but that’s not necessarily true. In the past, cryptocurrency has seen negative correlations with bond yields, bond market volatility, the dollar index, and global liquidity conditions. In other words, potential changes to BOJ’s YCC and the resulting volatility in traditional markets could bring volatility to the crypto market.

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CryptoX Portal

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