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Opinion: The Bank of Japan's dovish signals may be the key driver behind this round of Bitcoin rebound
Crypto News: On April 14, Bank of Japan Governor Haruhiko Kuroda signaled a dovish stance, indicating a more cautious approach amid uncertainties about the impact of the Iran war on the Japanese economy, which helped Bitcoin break 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 triggered a yen arbitrage trade unwind, 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. (CoinDesk)