Daily Hotspot Review - December 19 ▰ The Bank of Japan announced a 25 basis point rate hike in December. Previously, due to Japan's low interest rates, everyone borrowed yen to invest in stocks/cryptocurrencies and profited. After the rate hike, borrowing costs increased, so some people might sell their stocks/cryptocurrencies to pay back the loans. However, the market has likely already priced in this negative news. ▰ Today, there are 3.16 billion USD worth of BTC
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Daily Hotspot Review - December 19 ▰ The Bank of Japan announced a 25 basis point rate hike in December. Previously, due to Japan's low interest rates, everyone borrowed yen to invest in stocks/cryptocurrencies and profited. After the rate hike, borrowing costs increased, so some people might sell their stocks/cryptocurrencies to pay back the loans. However, the market has likely already priced in this negative news. ▰ Today, there are 3.16 billion USD worth of BTC