Japan Raises Interest Rates: Bitcoin Surges Over 2% in Response
BlockBeats News, December 19th, according to an exchange market information, with market concerns about Japan's interest rate hike "shoe drop," Bitcoin rose by 2.19%, now trading at $87,489.
Earlier reports indicated that the Bank of Japan raised interest rates by 25 basis points as scheduled, while also stating that if the economic and price trends are in line with expectations and improve along with the economy and prices, they will continue to raise the policy rate.
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