Japan's announcement of a $530 billion U.S. Treasury bond sale has unsettled global markets, with potential implications for the cryptocurrency sector. The Bank of Japan's decision to raise interest rates by 0.25% for the first time in 30 years has further intensified market volatility. Analysts caution that the end of the carry trade could lead to a 30% decline in Bitcoin's value.
Currently, Bitcoin is trading at $88,219, hovering near a critical support level of $87,000. Ethereum is also under pressure, trading at $2,981 with support at $2,900. Market participants are advised to remain vigilant as they assess the impact of these developments on the crypto market.
Japan's $530B US Bond Sale Raises Bitcoin Drop Concerns
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