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Bitcoin Price Drop Attributed to Bank of Japan's Rate Hike Signals
12/01/2025, 07:36
AI SUMMARY
●Arthur Hayes links BTC drop to BOJ's hawkish rate hike signals.
●USD/JPY levels suggest tightening monetary policy in Japan.
●Governor Ueda's comments contribute to market caution and volatility.
Arthur Hayes has attributed the recent decline in Bitcoin prices to the Bank of Japan (BOJ) signaling a potential interest rate hike in December. He noted that the USD/JPY exchange rate moving between 155-160 indicates a hawkish stance from the central bank, which historically correlates with risk-off behavior in global markets.
Market observers also point to recent comments by BOJ Governor Ueda, which stopped short of a definitive commitment but strongly hinted at a December rate increase. This uncertainty, combined with upcoming US economic data, has contributed to a cautious atmosphere and recent liquidation events.