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Gate Square New & Returning Creator Rewards are ongoing!
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Bitcoin has been valued with the increase of the Bank of Japan after raising interest rates!
The price indicates that the market has adjusted to the interest rate hike expected by the Bank of Japan on the 19th of this month.
• Selling pressure began to emerge before the official announcement.
• Increased trading flow on trading platforms earlier, indicating that #Bitcoin was reducing risk beforehand.
• The financing rate has already decreased, meaning that leverage was reduced earlier.
• There was no sudden panic related to the announcement, unlike previous interest rate hikes.
• The Bank of Japan is expected to shift to a tighter monetary policy since a few months ago, which accelerated market tension.
The Bank of Japan's rate hike was significantly anticipated, and market correction occurred before the scheduled date, not after the announcement.$BTC
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