BOJ's Uchida Downplays Rate Hike Concerns Amid Market Volatility, Bitcoin and Stock Futures Rise
Bank of Japan's Uchida has dismissed worries about a rate increase despite market turbulence. Following Uchida's remarks, the yen, which is considered a safe-haven asset, weakened while bitcoin and stock futures gained. This renewed optimism suggests that the upcoming "death cross" pattern for bitcoin, which is typically bearish, may actually lead to a bullish trend, as it did in September 2023.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Spectral Labs pauses Syntax contracts after $200,000 hack
WSJ sparks buzz on crypto's future with Trump
Bitcoin miners invest $3.6 billion in 2024 for upgrades
XRP surpasses Solana with $122B market capitalisation
Trending news
MoreCrypto prices
More
