Does Japan dictate Bitcoin?

The central bank of Japan has the eyes of the crypto world on it this week. All because of an interest rate decision.
Japan's interest rate decision is expected to be announced this Friday at 03:00 UTC.

The decision is largely expected to be an interest rate hike, but what happened to Bitcoin after past interest rate hikes?

• The first interest rate hike: It happened on July 25, 2024, and $BTC fell 27% over the next 7 days.

• The second hike occurred earlier this year on January 31, 2025, and Bitcoin fell by approximately 27% within 20 days.

Can we expect another huge drop for Bitcoin after this Friday? Especially if there is a rate hike!
Or was this just a coincidence the last two times?

A lot of questions, that will only be answered this weekend and next week.

Sincerely,

Pele23

Posted Using INLEO