Japan’s interest rate decision is set for Friday at 03:00 UTC, and markets are widely expecting a rate hike. But history gives us something to think about how has Bitcoin reacted after past hikes?
1️⃣ July 25, 2024 (first hike): Bitcoin dropped 27% within 7 days. 2️⃣ January 31, 2025 (second hike): Bitcoin slid around 27% over the following 20 days.
With this pattern in mind, do you think Bitcoin could face another pullback after Friday’s announcement?$BTC $GT $ETH
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
🚨 FALL MAY BE AHEAD STAY ALERT!
Japan’s interest rate decision is set for Friday at 03:00 UTC, and markets are widely expecting a rate hike. But history gives us something to think about how has Bitcoin reacted after past hikes?
1️⃣ July 25, 2024 (first hike): Bitcoin dropped 27% within 7 days.
2️⃣ January 31, 2025 (second hike): Bitcoin slid around 27% over the following 20 days.
With this pattern in mind, do you think Bitcoin could face another pullback after Friday’s announcement?$BTC $GT $ETH