🔥The Bank of Japan's dovish signals may be a key factor in Bitcoin's rebound


On April 14, Bank of Japan Governor Kazuo Ueda issued dovish signals, indicating a more cautious stance amid uncertainties about the impact of the Iran war on the Japanese economy, which supported Bitcoin breaking through $74,000.
In recent years, the Bank of Japan's rate hikes have repeatedly triggered turbulence in the crypto market.
On August 5, 2024, an unexpected rate hike by the Bank of Japan led to yen arbitrage trade liquidations, causing Bitcoin to drop from $64,000 to $49,000 within 48 hours.
On the 28th of this month, the Bank of Japan will hold a monetary policy meeting.
According to CoinDesk reports.
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