Japan's central bank just hit the accelerator on rates—pushing them to their highest point in three decades. The move comes as inflation stubbornly refuses to cool below target levels, forcing policymakers to tighten monetary conditions. For crypto traders watching macro trends, this matters. When major economies shift away from loose monetary policy, capital flows get repriced across all asset classes. Higher rates in developed markets typically reshape risk appetite, influencing everything from Bitcoin narratives to DeFi capital efficiency. Keep an eye on how other central banks respond—the domino effect on global liquidity could reshape the next market cycle.