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Bitcoin Crumbles: What Bank of Japan's Rate Hike Hint Means for Your Crypto Portfolio
September Slowdown is Typical, But What's Next?
Hunter Hodge
September 04, 2024 • Read Time: 8 minutes
If you thought Bitcoin was immune to the tides of global finance, think again.
As the Bank of Japan hinted at further rate hikes, the impact rippled through markets worldwide, knocking Bitcoin down alongside traditional stocks.
With BTC dropping 6.5% in a week and retail demand struggling heading into the annual “Rektember” dip, it's time to explore what's really going on.
Let's dive in!
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