I noticed an interesting correlation in the market. Three members of the Bank of Japan expressed support for raising interest rates, and here’s the result: the yen is strengthening, and Bitcoin is falling. It looks like a classic market reaction to tightening monetary policy.

In Japan, news about the BoJ always moves the markets. When the central bank hints at raising rates, investors shift to risk-averse mode — leading to outflows from crypto assets and a strengthening yen. We’ve seen this pattern before.

It’s still unclear whether this will lead to an official decision from the BoJ, but the market has already reassessed the situation. If the Bank of Japan actually begins to tighten, we can expect further pressure on altcoins. We’ll keep an eye on how events unfold.