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
Bitcoin Surpasses Amazon, Approaches Google’s Market Cap
Michael Saylor Backs New SEC Chair for Bitcoin Growth
SEC Drops Fraud Case Against HEX Founder Richard Heart
Cardano Surges 17%, Eyes Potential $5 Target
Trending news
MoreCrypto prices
More
